Info COVID-19
The taxable result of the current financial year is currently difficult to predict. How to proceed with tax prepayments?
During the course of the financial year, there are several due dates prior to which tax prepayments (“TPP”) can be made. For financial year 2020 (closing date on December 31),…
News
Luxembourg to deny the deduction of interest and royalty payments to blacklisted countries
On 30 March 2020, the Luxembourg Government published a draft bill of law introducing measures to deny the tax deduction of interest and royalty payments made to affiliated parties established…
Info COVID-19
Does COVID-19 provide planning opportunities in view of valuations?
Yes, uncertainty impacts certain parameters in valuations, having a negative impact on the outcome. Values of distressed companies and assets are expected to be lower than their non-distressed counterparts. Next…
Info COVID-19
Should intercompany agreements be updated in view of COVID-19?
Intercompany agreements are often the starting point in assessing transfer prices in a group context. It is very likely that the COVID-19 crisis will have an impact on terms and…
Info COVID-19
Does COVID-19 have an impact on transfer pricing policies?
COVID-19 is very likely to have a significant impact on the results of multinational companies worldwide, because of disrupted (global) supply chains, significantly impacted demand, the search of liquidity, etc.…
Info COVID-19
Have the payment periods for tax debts been deferred? Are late-payment interests and/or tax increases due in case of a deferred payment?
1. Automatic deferral for income taxes For corporate income tax, personal income tax, legal entities tax, and non-residents tax debts the payment periods have automatically been deferred by two months…
Info COVID-19
Have the deadlines for the filing of income tax returns been postponed?
The deadlines for the filing of corporate income tax, legal entities tax and non-resident/corporate tax returns that had to be filed between 16 March (incl.) and 30 April (incl.) has…
News
Luxembourg law implementing EU reporting obligations adopted
The law implementing the Council Directive (EU) 2018/822 of 25 May 2018 as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements…
Info COVID-19
International responses to COVID-19 : overview provided by WTS GlOBAL
Overview International COVID-19 measures : Our fellow members of WTS Global have collected information and advice on managing the impact of COVID-19 in their home markets. We are pleased to offer you…
Info COVID-19
Luxembourg tax and other specific measures announced.
Facing the pandemic, the Luxembourg government adopted a regulation on 18 March 2020 declaring a state of emergency and introducing several measures, including a partial lockdown, as also seen in…
Info COVID-19
Event cancelled? Check your VAT refund possibilities
The outbreak of the coronavirus has provoked an unprecedented surge of no-shows, postponements and cancellations in the event sector. In many cases, entrance tickets were already sold by the event-organizer…
Info COVID-19
Special tax measures for working from home
In these times of national lockdowns, numerous employees are encouraged or forced to work from home. In response hereto, the tax authorities have taken a number of exceptional measures.
Info COVID-19
Belgian tax measures to mitigate the impact of the Corona crisis
The Belgian government announced a series of tax measures to help mitigate the impact of the Corona crisis. These tax measures relate to income taxes, wage withholding taxes and VAT.…
News
Corona measures
Dear client, To prevent the spread of the coronavirus and to protect your health and that of our employees, extra precautions will also be taken within our organization. We want…
News
ATAD interest limitation rules finally implemented in Belgium
A long-awaited Royal Decree on the interest limitation rules provided by the Anti-Tax Avoidance Directive (‘ATAD’) was published just before the year-end (Belgian State Gazette of December 27, 2019). This…
News
Doctoral research by Kimberly Van Sande - Digitax
The world has changed considerably in the last 100 years, especially in the last decades as a result of the digital evolution. The digital evolution seems to be accelerating and…
News
International tax scribbles and scrawls
Belgian implementation of DAC6 approved at the last minute With the Act of 20 December 2019, the Belgian legislator implemented the much-discussed DAC6 at the last minute.1 The Act will enter…
News
Belgian tax administration releases Circular Letter “Transfer Pricing”
The Belgian tax administration published the Circular Letter “Transfer Pricing” (Circular Letter 2020/C/35). This document is the final version of the Circular Letter following the draft Circular Letter that was initially…
News
Top law firms ALTIUS and Tiberghien join their sports expertise in ATFIELD
Brussels – The sports departments of full service law firm ALTIUS and the tax law firm Tiberghien have joined forces to establish a new legal service provider in the sports…
Publications
Changes in tax and social security obligations affecting Belgian companies for benefits granted by foreign affiliated companies
In the first edition of the WTS Global Mobility Newsletter, Katrien Bollen talks about the changes in tax and social security obligations affecting Belgian companies for benefits granted by foreign affiliated…
News
EU VAT – quick fixes: new EU sales listing and new rules for proof of intra-Community supplies
At the end of 2019, the Belgian authorities published some necessary implementing measures for the introduction of the so-called ‘quick fixes’ (see previous newsflashes, click here and here). These new…
Publications
Comments on the Public Consultation Document in respect of the Global Anti-Base Erosion Proposal (“GloBE”) under Pillar Two
WTS Global commented on the Public Consultation Document in respect of the Global Anti-Base Erosion Proposal (“GloBE”) under Pillar Two. Koen Morbée represented Tiberghien in the submission of these comments. The…
Publications
Comments on the Secretariat Proposal for a “Unified Approach” under Pillar One
WTS Global commented on the of the Secretariat Proposal for a “Unified Approach” under Pillar One. Koen Morbée and Andy Neuteleers represented Tiberghien in the submission of these comments. You…
News
How high is the tax pressure in the cockpit?
Tax affairs International tax law has specific rules for airline staff. Contrary to what the title of this article may suggest, these special provisions not only apply to pilots and…
News
Belgians working in Luxembourg - 24-days tolerance may go up to 48 days
If a Belgian individual is working in Luxembourg, the question arises which of the two countries may tax the Luxembourgish wages. The question is not without significance in light of…
Publications
Private client law in Belgium: overview
‘Practical Law’ is the leading provider of UK, US and international legal know-how. Tiberghien (Mr. Gerd D. Goyvaerts) was asked to compile the Belgian Q&A chapter of the Private Client…
News
Luxembourg 2020 draft Budget Law - Pre-2015 tax rulings may end on 31 December 2019
On 14 October 2019, the Luxembourg Government submitted the draft Budget Law for the year 2020 to the Luxembourg Parliament.
News
Signature of an amendment to the new treaty between France and Luxembourg
As announced in our previous article, on 2 July 2019, the Luxembourg parliament approved the new double tax treaty signed between France and Luxembourg (the “New Treaty”). The New Treaty…
News
New circular letter regarding article 19bis ITC and possibilities to claim refund of withholding tax
The Belgian tax administration issued a new circular letter on article 19bis ITC (circular letter of 25.09.2019).
News
Deadline UBO registration: 30 September 2019. Sanctions as from 2020.
The law of 18 September 2017 lays down the rules regarding the framing of the UBO register. By Royal Decree of 30 July 2018, the initial deadline to submit to…
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Tiberghien Tax Law Manual
