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In which sectors can the lump sum flat-rate scheme apply?

The list of sectors which can apply the VAT lump sum flat-rate scheme is determined by royal decree. The list for 2019 is published in the meantime. Again, the application conditions were explicitly laid down. The old Royal Decree of 1969 is herewith abolished.

Benefit in kind for company cars reduces in 2019

The benefit in kind for company cars is based on a formula. An essential element for the formula is the CO2 emissions reference level. The higher the car scores above the reference level, the higher the benefit in kind. This reference level is laid down every year in a royal decree. The amounts for this year are favourable for the tax payer: the benefit in kind decreases.

Privacy of tax payers after GDPR

The GDPR rules (General Data Protection Regulation) are European rules protecting the privacy of citizens. Companies should comply with a number of rules in order to ensure that data are not misused. But also the government falls within this scope. So how about the tax authorities and your privacy?

When is restaurant expenditure deductible?

A business lunch is an excellent occasion to negotiate a difficult contract. The restaurant expenditure is however only partially deductible. Hereafter we briefly remind you of the applicable rules.

VAT consequences of giving away goods for free

Do you sometimes give goods from your stock for free? In such case, you should be aware that when you give away gifts, this will have VAT consequences. If you have deducted VAT for these goods, you should correct this. In practice this means: you make a self-supply and pay VAT. On this general rule, there are a number of exceptions: supplying samples, business gifts of limited value, supplying food surpluses and gifts to good causes after disasters.

How to report extra earnings without additional taxation?

The ‘work on the side-law’ makes it possible to earn tax free extra money. This is possible for employees working at least 4/5, for self-employed and retired individuals. As long as the income stays within predefined limits, no contributions nor taxes are due. As from 15 July 2018 the assignments should be reported through an online service. A brief outline of how it works.

Benefit in kind for a house: factor 2 instead of 3,8

The way the value of the free use of a house for an employee or director is calculated, is under discussion for quite some time. The government now announced to adapt the rules. The value is calculated with the new formula: KI x 100/60 x 2.

Private pension savings : opt for 960 or 1.230 euro?

As of this year, you can opt to save a higher amount as private pension savings, up to 1.230 euro. If you choose to do so, you will obtain a relative lower advantage. The reduction is reduced from 30% to 25% of the saved amount. You should give this good thought. And opt explicitly.

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