An accountant or a tax specialist, or both?
In Belgium, the difference between an accountant and a tax specialist can be a source of confusion for many individuals and businesses…
Digitalisation of B2B accounting in Belgium, what lies ahead
The digitalization of B2B accounting in Belgium is a top priority for the finance minister, who is determined to modernize the country’s financial systems and make them more efficient…
The Belgian Finance minister tackles the creation of management companies
The Belgian finance minister is taking decisive action to tackle the issue of the creation of management companies…
European VAT Rules for E-Commerce: Understanding the Differences in VAT Rates Across Countries
With the rise of e-commerce, it is becoming increasingly important for businesses to understand the VAT (Value Added Tax) rules and regulations that apply to their online sales…
Introduction to the Tax Deductibility of Cars in Belgium in 2023
In 2023, Belgium is making some important changes to the tax deductibility of cars that will impact businesses and individuals who use vehicles for business purposes…
VAT in Digital Age (ViDA)
The ViDA (VAT in the Digital Age) directive is a proposed piece of legislation introduced by the European Commission on December 8, 2022, aimed at modernizing the value-added tax (VAT) system within the European Union (EU)…
Penalties for non-response to a request for information
From now on, when the tax office makes a request for information and if it considers the taxpayer and their advisor to be slow or obstruct transmission of the information, a summons to attend urgent proceedings may be issued…
Review and prescription periods for VAT collections
At the end of 2022, a new law was adopted reforming the review and prescription periods for collection in relation to VAT…
Tax on income generated through assets
The section of this reform intends to separate income from assets in tax declarations and to tax them individually…
Increase in interest rates in the event of late payment in a B2B and B2C relationship
B2B or B2C clients who do not pay on time may incur interest charges for late payment…
