VAT exemption of intra-EU supplies : Belgian VAT authorities simplify the proof required.
On 1 July 2016, the Belgian VAT authorities published an important decision that should simplify the burden of proof requirements for the VAT exemption concerning intra-EU supplies.
New EU Directive on VAT and vouchers
On 27 June 2016, the EU Council adopted a directive on transactions involving vouchers by harmonising national VAT rules in this area. The directive was adopted without discussion.
Redrafting VAT exemption for cost-sharing associations - action required
Belgian VAT law provides a specific exemption for cost-sharing associations, enabling groups of entities that have VAT exempt or out of scope activities to recharge costs without VAT. This VAT…
VAT on online gambling services postponed till August
In a previous article, we explained in detail the new VAT rules on e-gambling services. These services, which currently benefit from a specific VAT exemption for gambling services, will become…
Upcoming developments: a new Belgian real estate investment fund and the liberalisation of the existing SIR/GVV regime
The Belgian Federal government has recently announced new measures to make the Belgian real estate market more attractive to foreign investors. In particular, the creation of a new type of…
Should trustees worry about potential liabilities under Belgian Cayman Tax?
Trustees must consider the reporting obligations of Belgium resident settlors and beneficiaries under the so-called Cayman-tax. These obligations include providing adequate and timely information as well as documentation about the…
The UBO-register under the fourth Anti-Money Laundering Directive: a delicate balance between transparency and privacy
Most EU Member States currently recognise a necessary degree of privacy and discretion regarding the ownership of family businesses or family trusts. In Belgium, shareholdings in a company only need…
EU Regulation 883/2004 on social security applied to company directors working across borders in Europe
An interesting brochure is now available on the social security status in many European jurisdictions of company directors who are working across borders.