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Private pension savings : opt for 960 or 1.230 euro?

Save a higher or lower amount? Do you make private pension savings? As from 2018 you can choose between two maximum amounts: You can save up to 960 euro (threshold for tax year 2019, savings in 2018) at 30% resulting in a tax advantage of 288 euro. You can save up to...

Where does transport of goods takes place for VAT purposes?

Transport of goods follows the general rule The VAT Code contains a number of rules in order to determine where a service takes place. The general rule in a B2B (business to business) context provides that a service is deemed to take place in the country where the...

Cash for car: interesting for who?

For this scheme company cars are passenger’s cars, cars for double use, minibuses, including the ‘false’ light trucks (art. 65 Income Tax Code) which are registered in the name of the employer or are part of a renting or leasing contract and which...

Over & out for the merchant notion

New business definition is a fact The merchant notion can be deleted from your memory. The merchant and trade notion refer to the previous century. The notion is obsolete and conflicts with the current economic reality. After more than 200 years the notion makes way...

Immovable renting with VAT will soon be possible

Optional scheme Already in last year’s summer agreement the Government planned to introduce an optional scheme. For budget reason these plans were abolished. At the end of March the Government after all decided to introduce such scheme. It is an optional scheme....

How will capital gains on shares be taxed as from 2018?

Rules for tax years 2019 and 2020 The separate taxation of 0,412% of capital gains on shares obtained by big companies is abolished. This tax was in all cases due by big companies, even when the shares were held for more than one year. By abolishing this tax, big...