News
- European Commission asks Luxembourg to amend certain discriminatory provisions on inheritance tax
The European Commission has officially asked Luxembourg to amend its legislation on inheritance tax. This legislation stipulates additional conditions for non-resident heirs and, in particular, freezes their entire estates until they provide 'an additional guarantee'. This freeze rule does not apply to resident heirs and therefore constitutes a discriminatory practice. The Commission takes the view that this discriminatory arrangement is disproportionate, if not unjustified, and that it is contrary to the provisions of the Treaty on the Functioning of the European Union concerning the free movement of capital (Article 63).
- Tiberghien and Altius Real Estate team publishes the Real Estate Gazette
On the occasion of Realty 2010, the International forum for Real Estate, that took place in Brussels from 18 to 20 May 2010, Tiberghien and Altius published the “Real Estate Gazette”.
- Status of Belgian Investment Company appears all the more important
During the budget negotiations for 2010, the Belgian government announced amongst others a cap on the notional interest deduction (cap of 3.8%). Furthermore, a stricter application of the Belgian participation exemption for dividends has been announced. In this respect, the status of Belgian Investment Company becomes even more important.
- No lump sum valuation of private use of company cell phone after all?
The draft Royal Decree that specifies how to value the benefit-in-kind for the private use of company mobile phones, in order to determine social security contributions, was recently withdrawn by the Council of Ministers, amid great controversy.
- Affiliation to the social security legislation of one member state compulsary for cross-boarder employees within the E.U.
When a person performs professional activities in different EU Member States the general principle states that he/she can only be affiliated to the social security legislation of one member state.
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