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Info COVID-19

Do I already have to pay VAT on gift vouchers and other vouchers/coupons?

Gift vouchers and other coupons that can be redeemed as a full or partial consideration for the supply of a good or service may qualify as a "voucher" under the…
Info COVID-19

What is the impact of the COVID-19 crisis on the application of double tax treaties?

As a result of the COVID-19 crisis, many cross-border workers are unable to physically work from their country of employment, some have to work from home, others are laid off,…
Info COVID-19

Help, my accountant has corona and can't file my VAT return in time. Is this a valid excuse?

Here is the answer no. Being compliant with VAT reporting obligations is a requirement that belongs to the company itself. In principle, a late filing of the VAT return cannot…
Info COVID-19

Do I have to cancel my VAT number now that I no longer have outgoing transactions?

Your VAT number should not be cancelled if you, as a VAT payer, no longer carry out any VAT taxable activities for a certain period of time (e.g. due to…
Info COVID-19

I want to switch to internet sales, what are the main traps with respect to VAT?

A company that wants to set up a website where customers can buy goods and whereby the company facilitates the transport to the private customers will have to take into…
Info COVID-19

Is there a possibility to request a VAT refund on travel vouchers when the booking is cancelled?

There are different situations conceivable here. A distinction has to be made between the situation where a traveller has booked all parts of his journey on his own (transport, hotel,…
Info COVID-19

Can I request a VAT refund as a hotel owner in case VAT has already been paid on advance payments but my clients do not show up because of the COVID-19 outbreak?

If a hotel owner is unable to provide hotel services because the customers do not show up, he can, in principle, reclaim the VAT on the advance payments through the…
Info COVID-19

Can I reclaim the VAT that has been paid on tickets for an event when the event is cancelled due to the COVID-19 outbreak?

The VAT treatment of the sale of tickets for events is the subject of discussion as there is no uniform interpretation within the EU. However, the exact VAT-qualification may have…
Info COVID-19

Are there any VAT-consequences in case I am renting a building to my tenant under the optional VAT regime but the rent payments are currently suspended?

As a landlord you can agree to temporarily suspend the rent payments from your tenants. There is no VAT due during this suspension period.
Info COVID-19

As a restaurant, should I apply a different VAT rate when delivering meals at home?

In normal circumstances, restaurant and catering services, excluding the provision of beverages, are subject to the reduced VAT rate of 12%. Drinks offered as part of a restaurant or catering…
Info COVID-19

Are there any consequences from a VAT perspective in case a company has to destroy or discard goods due to the COVID-19 outbreak?

It is conceivable that perishable goods such as food, flowers or perishable raw materials will become unsellable as a result of the compulsory closure of certain companies.
Info COVID-19

What are the possibilities to claim a VAT refund if an invoice is not paid or will not be paid within due time?

As a result of the COVID-19 crisis, suppliers and service providers will be more often confronted with unpaid invoices or invoices that may only be paid long after the due…
Info COVID-19

Are there any other possibilities to optimise the cashflow position of my business?

In addition to the above-mentioned special measures in the context of the COVID-19 outbreak, there are still opportunities under the existing VAT-regulation that VAT-taxable persons might use. We will list…
Info COVID-19

Can an accelerated refund of my VAT-credit be requested?

Yes, the Belgian government has granted an accelerated refund of the VAT credit with respect to the February 2020 VAT return for all companies that submit monthly VAT returns and…
Info COVID-19

What kind of deferral measures is the Belgian government taking with respect to VAT to help mitigate the impact of the COVID-19 outbreak?

:: UPDATE - 17/06/2020 ::  The Belgian government grants two deferral measures. The first is an extension of the deadline submission of the periodical VAT returns, the intra-Community sales listing…
Info COVID-19

Excess amounts prepaid? Can the payments be recuperated quickly?

In the event that an excess amount has been prepaid, a request for a refund can be submitted through the MyMinfin electronic platform, until the last day of the third…
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),…

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…

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.…

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…
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