THE VAT RETURN can be quite a challenge for a business, all the more so because it has to be made once every three months or even once a month. Moreover, companies may recover VAT one time and have to pay VAT the next. It...
THE BELGIAN COMPANY CODE (Wetboek van Vennootschappen en Verenigingen - WVV) came into effect last month. The possibility to contribute to a company’s capital with one’s work is one of the Code’s signature reforms. Or to put it in the terminology of the old code:...
FISCALITY INFLUENCES our behaviour. People avoid highly taxed transactions or income, preferring tax exemption and low tax solutions. The government has planned for that. But if the taxpayer is the one taking initiatives to pay as few taxes as possible, this is called tax avoidance...
We need to talk about withholding tax. As natural persons, we all pay taxes on our professional income. The personal income tax is settled for each calendar year. You declare your income in the middle of the calendar year following the one in which you...
YOU WOULD HAVE TO BE A MARTIAN to not know that elections are coming. A characteristic of our constitutional system is that the House of Representatives then designates the articles of the Constitution which may be amended in the following legislature. Nothing has changed with...
Didactics dictates that before discussing a superlative form, the basic form should first be explained. The best thing, therefore, is to start with the concept of ‘legistic negationism’, which is not included in the Oxford dictionary. ‘Negationism’, which is included, stands for the denial or...
Our Finance Minister announced a few weeks ago the introduction – faster than expected by Europe – of a reporting requirement for accountants and tax advisers. In fact, aggressive tax planning will be the subject of the reporting. Judging from the reactions and questions of...
The legal privilege (un)covered! This book...
THINGS CAN CHANGE IN THE JUDICIARY Jan Tuerlinckx is a lawyer at Tuerlinckx Fiscale Advocaten/Tuerlinckx Tax Lawyers There once was an entrepreneur. No, this is not the start of a fairy tale, but of my career thirty years ago. That entrepreneur was being swindled by one of...
It couldn’t be drier. The last paragraph of page 53 of the coalition agreement of Belgium’s so-called ‘Vivaldi’ government reads: “The possibility of tax regularisation will be discontinued as of 31 December 2023.” Back in 2020, that seemed a long way off. But in just...