News
Pillar II – Extended P2-Notification deadline
In the framework of the 15% minimum taxation rules for large international and domestic groups, also known as Pillar II, Belgian group entities were required to file a P2-Notification by July 13, 2024. This deadline is now postponed to September 16, 2024 for Belgian group entities that do not plan to make Pillar II prepayments in 2024.
Overview disallowed expenses TY 2025
As a general rule, expenses incurred by a company in the context of its economic activity are deductible for tax purposes. For certain expenses however, Belgian tax legislation allows no deduction or a partial deduction for tax purposes. This table provides an overview of common expenses that are (partially) disallowed for corporate income tax and VAT for financial year 2024 (and related tax year 2025).
Belgium approves minimum taxation of 15% for large groups (Pillar 2)
On December 14, 2023, the parliament approved the introduction of the so-called minimum taxation. This is the Belgian implementation of the EU Pillar Two Directive (and aligns to a large extent with the OECD pillar 2 plans). The objective of this minimum taxation is to subject entities that are part of large corporate groups to an effective tax rate of at least 15%. The minimum tax will apply to taxable periods commencing as of December 31, 2023.
New regime for expatriates as from 01/01/2022
The program law of December 27, 2021 mentions a new regime for expatriates coming to Belgium. Under this new legislation, there is a Special Tax Regime for Incoming Taxpayers and a Special Tax Regime for Incoming Researchers. The social security authorities confirmed on February 7, 2022 that they will also grant an exemption for this regime.
Overview disallowed expenses TY 2024
As a general rule, expenses incurred by a company in the context of its economic activity are deductible for tax purposes. For certain expenses however, Belgian tax legislation allows no deduction or a partial deduction for tax purposes. This table provides an overview of common expenses that are (partially) disallowed for corporate income tax and VAT for financial year 2023 (and related tax year 2024).
Checklist – How to start as an employer in Belgium
Are you opening a branch in Belgium with foreign or Belgian staff, as a foreign employer? This is a big step, requesting your attention for the various formalities to be taken care of. But besides applying for the necessary permits to work/live in Belgium, what do you need to think of when starting with staff in Belgium? Our checklist provides an overview.