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taxation.be

Friday
Mar 22nd
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taxbites

Capital Gains

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Written by Administrator Friday, 27 August 2004
Why do millionaires come to live in Belgium ? To enjoy it's tax exemption of capital gains. It’s even better than Belgian chocolates. Make it work for you. (More …)

To Trust or Not to Trust

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Written by Administrator Friday, 27 August 2004
Belgium has introduced a Private International Law Code, and for the first time, Belgian law deals with trusts. Trusts have always been an unknown quantity in Belgian law. How are they taxed ? (More …)

Belgian Tax on Sales of Substantial Shares Violates EC Treaty, ECJ Says

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Written by Administrator Monday, 05 July 2004
On 8 June the European Court of Justice issued a reasoned order in a preliminary ruling sought by the Antwerp Court of First Instance on the compatibility with EU law of Belgium’s capital gains tax on the sale of a substantial participation in a Belgian company to a foreign entity (De Baeck v. Belgian State (Case C-268/03)). The Court found articles 67(8) and 67 ter of the Belgian Income Tax Code (ITC) 1964, which govern that taxation, to be incompatible with the principles of freedom of establishment and free movement of capital, as established in the EC Treaty. (More …)

Belgian Tax on Sales of Substantial Shares Violates EC Treaty, ECJ Says≤

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Written by Administrator Monday, 05 July 2004
On 8 June the European Court of Justice issued a reasoned order in a preliminary ruling sought by the Antwerp Court of First Instance on the compatibility with EU law of Belgium’s capital gains tax on the sale of a substantial participation in a Belgian company to a foreign entity (De Baeck v. Belgian State (Case C-268/03)). The Court found articles 67(8) and 67 ter of the Belgian Income Tax Code (ITC) 1964, which govern that taxation, to be incompatible with the principles of freedom of establishment and free movement of capital, as established in the EC Treaty. (More …)

Government Expands Tax Incentive for Employment of Researchers

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Written by Administrator Monday, 21 June 2004
The Belgian government on 4 June approved a draft bill that would extend a special withholding tax exemption for employers of researchers to include partnerships between private-sector enterprises and universities and scientific institutions.

In the Law of 24 December 2002, the Belgian government made a first attempt to encourage the employment of researchers by Belgian colleges and universities, granting a withholding tax reduction for remuneration paid to assistant researchers at those schools and to postdoctoral researchers paid by the National Fund for Scientific Research or the Fund for Scientific Research — Flanders.

In 2003, that tax regime was extended to include assistant and postdoctoral researchers paid by a list of scientific institutions in the public sector and by collective research centers and international research institutions. That list was finalized in the Royal Decree of 24 May 2004, published in the official gazette of the same date. (More …)

Legislation Sweetens Tax Incentives for Domestic Film Productions

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Written by Administrator Monday, 14 June 2004
The Law of 17 May 2004, modifying article 194 ter of the Belgian Income Tax Code, was published in the official gazette on 4 June. The legislation is designed to encourage investment in the production of films and documentaries in Belgium by companies that are not directly related to the film sector by making the tax shelter for audiovisual works more attractive.

If a corporate taxpayer signs a framework agreement with a Belgian production house, it can invest as much as one-third of its taxable profits, before tax, in the production of Belgian films, documentaries, or animated films for the cinema, or in an animation series or documentary for television. Feature films for television also qualify, but only in 2006. (Read the article …)

Smoking can harm your health

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Written by Administrator Wednesday, 09 June 2004
About the girlfriend of a cigarette magnate, tax avoidance and tax evasion. (More …)

Unwelcome Privileges

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Written by Administrator Thursday, 27 May 2004
Officials of the European Communities have certain tax privileges, but some of them wish they were Belgian residents. (More …)

Unwelcome Privileges≤

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Written by Administrator Thursday, 27 May 2004
Officials of the European Communities have certain tax privileges, but some of them wish they were Belgian residents. (More …)

Lower House Approves Tax Incentive Plan for Film Industry

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Written by Administrator Monday, 12 April 2004
The Chamber of Deputies, the lower house of the Belgian Parliament, on 1 April approved a bill amending the Income Tax Code to make the so-called tax shelter for audiovisual works even more attractive.

Belgium in 2002 introduced a tax concession to encourage investments in the production of films and documentaries in the country. Companies that invest in the production of certified Belgian audiovisual work will receive a tax exemption from corporate income tax of up to 150 percent of the amounts invested. (Read the article …)

Cheap Donations

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Written by Administrator Friday, 19 March 2004
On 1 January 2004, the Flemish Parliament dropped the tax rate for donations to 3 percent. We have come a long way. (More …)
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