Category: LEGAL NEWS
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New Brussels regulations on excessive rents: What Landlords Need to Know
This measure applies to all lease agreements, including those signed before or on the date of its entry into force. The Rent Assessment Commission: a key player At the heart of this system is the Rent Assessment Commission, a neutral body with equal representation of landlords and tenants. The commission provides non-binding, yet objective advice…
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The Constitutional Court confirms: Brussels landlords remain obliged to register at federal level
From January 1, 2025, landlords in the Brussels-Capital Region are obliged to register residential lease agreements in the new regional registration system. In addition, the Brussels legislator abolished the federal registration obligation for residential lease agreements. This is to prevent landlords from being faced with unnecessary administrative burdens. The Federal Council of Ministers, which lodged…
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Reduction of share capital is sometimes a risky sport…
1. What was the issue? The dispute concerned a personal income tax of EUR 412,013.66 established for tax year 2018 on several taxpayers. The taxpayers had created a holding company and contributed the shares of their operating company as share capital. This share capital consisted mainly of a contribution of existing retained earnings and cash.…
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Company directors and dismemberment of property: the right reflexes to acquire.
The reflexes to acquire to secure the perimeter when such an structure is envisaged, carried out, in progress or about to be completed are as follows: If you have any questions about this or if you would like assistance, you can always contact our tax specialists at Andersen in Belgium at +32 2 747 40…
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VAT: Demolition/Reconstruction: Deal kept?
The reduced rate of 6% was to apply to everyone! As a result, current social conditions would be maintained, and the surface criterion would be tightened from 200m2 to 175m2 for delivery. The draft program law mentions the following different situations: This is good news for property developers, although the difference in surface area maybe…
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LawTax makes the move to Andersen
LawTax is a Belgian law firm focused on tax advice and legal services, for both businesses and individuals. They offer customized solutions and strategies based on in-depth knowledge of tax laws and corporate structures. Through this acquisition Andersen now has an offer in Wavre allowing us to strengthen our expertise and services in the region.…
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The expected re-entry of tax regularization
The previous tax regularization round ended on 31 December 2023, and since then there was no possibility anymore to confess and regularize tax sins. Only at the level of the Flemish Region did it remain possible to declare forgotten assets (mostly foreign bank accounts) by means of a new inheritance tax return. However, such regularization…
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The Code Buysse IV: What’s new on the horizon?
1. What is the Code Buysse? Following several accounting scandals in the United States and Europe, a trend emerged in the early 2000s to regulate good corporate governance. This led to the introduction of a corporate governance law in Belgium in 2002, a corporate governance code for listed companies in 2004 (known as ‘Code Lippens’),…
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The 10% tax increase in case of good faith and the corporate tax deduction ban
A ruling by the Constitutional Court on 21 November 2024 has caused quite a stir amongst tax professionals. According to numerous legal publications a taxpayer who committed a first offense in good faith in his/her tax return – pursuant to this ruling – cannot be automatically sanctioned with a 10% tax increase. Nevertheless, the automatic…
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New “soft law” rules for alcohol advertising
1. The background and the new agreement Accordingly, an intersectoral agreement on the conduct and advertising of beverages containing alcohol was signed on 12 May 2005. On 25 January 2013, the initial agreement of 2005 was updated for the first time by signing an “Agreement on the advertising and marketing of beverages containing alcohol”. On…