Author: Axel Woit
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Small companies, large tax breaks
1. What exactly will change? From financial year 2024 (for companies that keep their accounts per calendar year), the thresholds for determining the size of a company will change as follows: Old thresholds New thresholds Annual average number of employees 50 50 Annual turnover (excluding VAT) EUR 9,000,000.00 EUR 11,250,000.00 Balance sheet total EUR…
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Influencers, the rules applicable to your social media marketing
1. Influencers are undertakings Unlike France or Italy, for example, Belgium has no specific legislation regarding influencers or social media marketing. The question therefore arises as to which rules influencers must comply with in Belgium. According to Belgian (and European) law, influencers are considered “an undertaking” when they advertise or sell products on a regular…
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New reporting obligation regarding corporate tax information
1. Who is required to comply with the reporting obligation? Since February 5, 2024, certain companies and branches are obligated to compile and disclose a report on income tax information. We will briefly outline below who must comply with this reporting requirement, and for whom exemptions may apply. 1.1 Stand-alone companies The reporting obligation under…
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Can the court refuse a notice of termination of a farming lease or limit its area?
Flemish Farming Lease Decree explained (Part 4) 1. Application for the validation of the termination When the landowner has given notice of termination to the tenant, the tenant must consent in writing. If the tenant fails to do so, the notice of termination will expire if the landowner does not apply for its validation within…
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Changes of the rules for foreign workers on secondment as from 1 January 2022
The law of 27 December 2021 (called “Program Law”) finally laid down the legal principles for the tax status of those employees, company directors and researchers who can enjoy a special tax regime. The law introduces two new tax (favourable) regimes, namely a “Special Tax Regime for Incoming Taxpayers” (employees and company directors) and a…