Withholding taxes reduce the amount of declarations and checks and the general workload of the government. This may explain why withholding tax in Belgium has been in force for more than a century. However, the simplicity of the withholding tax system has fallen prey to the...
YOU WOULD HAVE TO BE A MARTIAN to not know that elections are coming. A characteristic of our constitutional system is that the House of Representatives then designates the articles of the Constitution which may be amended in the following legislature. Nothing has changed with...
Basket in Tax Law You are an entrepreneur. Not that you have something to hide, but you can’t help feel uneasy whenever you are subject to a tax audit. On the other hand, you know all too well that ‘being compliant’ and the corresponding verification of...
ON CLOSER INSPECTION, money matters are not so complicated. If you earn an income from your work, you can either keep, invest or spend that money. Whatever the option, the State has a finger in every pie. There are taxes at every level. For people...
A Dutch entrepreneur got into trouble with his company during the previous credit crisis. He came up with a creative solution: he asked his insurer for his accrued pension capital and temporarily transferred it to the company, with the intention of replenishing that capital as...
The trees, the forest, the forester and the regulator Doctors have an unenviable position at parties. People bombard them with dozens of medical questions about their ailments, possible medication and corresponding prescriptions, let alone the situation in which and uncle or grandchild makes an unfortunate movement...
We need to talk about withholding tax. As natural persons, we all pay taxes on our professional income. The personal income tax is settled for each calendar year. You declare your income in the middle of the calendar year following the one in which you...
THESE ARE STRANGE CIRCUMSTANCES. New insights and concepts that were simmering below the surface are emerging, even in taxation. In this respect, this manifests itself in a particular form of paternalism, and this time not only in Belgium. Tax incentives have been introduced to give...
Our Finance Minister announced a few weeks ago the introduction – faster than expected by Europe – of a reporting requirement for accountants and tax advisers. In fact, aggressive tax planning will be the subject of the reporting. Judging from the reactions and questions of...
Didactics dictates that before discussing a superlative form, the basic form should first be explained. The best thing, therefore, is to start with the concept of ‘legistic negationism’, which is not included in the Oxford dictionary. ‘Negationism’, which is included, stands for the denial or...