Recently, the government has proposed a thorough reform of Belgian corporation tax as from 2018. The most striking change is the reduction of corporate income tax up to 20% in certain cases. But the proposal also contains a whole series of "compensatory measures". This will not only create winners, but also losers.
Did you know that:
- The tax resulting from a tax audit will be due even if the company has tax losses
- Not paying the company's taxes in advance will get expensive
- There will be a minimum salary requirements for directors
- Investing excess liquidities in stock, hoping for a tax exempt capital gain, will be futile: the capital gain will be liable to tax
- Provisions for furture risks and charges will be restricted
- Deduction of car expenses will be further reduced
- Rent can be charged with VAT and that can help reduce the cost of the rent
The proposed changes will be explained on the basis of practical examples, allowing you to anticipate the changes in due time.
Speakers: Marc Verbeek, Tax Partner Crowe Horwath Vanhuynegem
Eric Laurent, Managing Partner ERYV