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To make sure that the employer contributions remain tax-deductible as professional expenses, the supplementary company schemes on working incapacity benefits should no later than on 30 September 2012 explicitly mention that such schemes are aimed at compensating a loss of income.
The Belgian Official Gazette has published today the Act based on which the remuneration received by employees during their notice period will be exempt from tax up to an amount of 425 EUR (not indexed). As from 1 January 2014, the exempt amount will be doubled. The same exemption applies when the employee receives a severance pay.
The double taxation agreement between Belgium and France foresees a special tax regime for salaries of residents of the French frontier zone who are employed in the Belgian frontier zone.
On March 26 last, a draft act was adopted in the House of Representatives containing an Addendum to the double taxation treaty signed between Belgium and France on 12 December 2008. This Addendum replaced the amendment signed on 13 December 2007.
Comparing hotel investment values across Europe provides only part of the picture. For a true comparison, the investor will also take account of transaction costs and taxes, which can differ widely from one jurisdiction to another.
An APA allows a group to confirm with the tax authorities that the prices used for intragroup transactions comply with the arm's length principle: to the extent the terms of the APA are complied with by the taxpayer, the tax authorities cannot reassess the prices used for the intragroup transactions covered by the APA. In other words, this procedure allows a taxpayer to obtain, a priori, tax certainty as regards its transfer pricing policy.