Getting into a discussion with the government about wealth can be incredibly challenging or worse.
And when the claims begin to sound criminal, it can extremely threatening.
Compliance in tax regularisation
How do you remain compliant in tax regularisation?
Compliance in tax regularisation means that a taxpayer fully, correctly, and transparently rectifies their tax history in accordance with the legal rules of the tax regularisation procedure. This involves properly declaring previously undeclared income or assets, applying the correct tax treatment, and paying the taxes and levies due, so that both tax and criminal risks are managed and future compliance with tax obligations is ensured.
Our approach:
Tuerlinckx Tax Lawyers assists you in mapping out the origin of your assets and tax obligations, and—where necessary—supports you in regularising tax situations, correcting tax returns, and repatriating assets to Belgium from abroad. This also includes compliance with rules relating to crypto-assets, which often involve complex legal and tax issues.
In practice? Illustrative cases:
CASE
An individual had previously opened an investment portfolio financed with funds obtained through inheritance and gifts. The portfolio grew through capital gains on shares and income from his hospitality activities. The individual wished to ensure his wealth was treated correctly for tax purposes. Part of the growth was exempt through capital gains on shares, while undeclared professional income was taxable.
Tuerlinckx Tax Lawyers took on the complex task of demonstrating which part of the assets had been subject to the correct tax treatment and which part needed to be regularised with the Contact Point for Regularisations.
The time-barred capital was taxed at a rate of 40%, with a limitation to the amount due.
As a result, the entire estate—amounting to more than one million euros—was only subject to the 40% rate for 75% of its value.
Schedule a meeting?
Are you facing a similar issue or do you have questions following this case? We’d be glad to assist you – don’t hesitate to get in touch with team CRIMINAL: TeamCriminal@Tuerlinckx.eu
“Tax is everywhere”
“Look before you leap”.
A corporate transaction or reorganisation is never an end in itself. We look at the more profound finality and the nature of wealth transfer. Where assets migrate, taxation comes into play.
Advice
Disputes
Are you looking for tax advice based on a firm foundation, written in regular language and which offers a viable solution? Then you have come to the right place at Tuerlinckx Tax Lawyers! We supplement classic tax advice with a tax risk analysis to ensure that a structure passes the tax administration or court review. Together, we go for well-founded solutions that meet both short and long-term objectives.
Count on the CORPORATE team for assistance with tax audits and discussions with the tax administration, both at the administrative stage and in court. We ascertain precisely what the tax administration will and will not allow in the specific tax files. We also explore the viability of the tax authority’s claims and the arguments you could use to make a difference in court.
Regularisations
Negotiations
What if some components of your assets have not been subjected to the correct tax regime? You can still realise a rectification within a legally prescribed framework, through tax regularisation. The experts at Tuerlinckx Tax Lawyers can analyse how to use this tax technique correctly and guide you through the rest of a case.
Tuerlinckx Tax Lawyers are experienced negotiators. Our priority is always the best possible deal for our clients. Whether it concerns contract negotiations, settlements or business transactions, we provide the lasting and most beneficial solution!
Advice
Are you looking for tax advice based on a firm foundation, written in regular language and which offers a viable solution? Then you have come to the right place at Tuerlinckx Tax Lawyers! We supplement classic tax advice with a tax risk analysis to ensure that a structure passes the tax administration or court review. Together, we go for well-founded solutions that meet both short and long-term objectives.
Disputes
Count on the CORPORATE team for assistance with tax audits and discussions with the tax administration, both at the administrative stage and in court. We ascertain precisely what the tax administration will and will not allow in the specific tax files. We also explore the viability of the tax authority’s claims and the arguments you could use to make a difference in court.
Regularisations
What if some components of your assets have not been subjected to the correct tax regime? You can still realise a rectification within a legally prescribed framework, through tax regularisation. The experts at Tuerlinckx Tax Lawyers can analyse how to use this tax technique correctly and guide you through the rest of a case.
Negotiations
Tuerlinckx Tax Lawyers are experienced negotiators. Our priority is always the best possible deal for our clients. Whether it concerns contract negotiations, settlements or business transactions, we provide the lasting and most beneficial solution!
