Expatriate Financial Affairs – 11 October 2014

Werknemers, die in België wonen en die in het kader van een dienstbetrekking over een bedrijfswagen kunnen beschikken, worden al jaren geconfronteerd met vraagstukken inzake BTW en verkeersbelasting.

De meest recente evolutie op dit vlak is terug te vinden in een Koninklijk Besluit van 18 juni 2014, dat geldt vanaf 1 oktober 2014. Continue reading →

In recent years, the Belgian tax authorities are more and more focussing on the review of specific topics or activities with Belgian tax payers. It is published in advance, which areas of attention have been identified. At the same time tax audits are getting more severe and penalty levels are going up for non compliant tax payers.

Recently, the following topics were revealed, which will be audited in the near future: Continue reading →

Is your company employing staff abroad? Have expatriates been assigned to work in Belgium? Did you hire a foreign national to work in Belgium or in another country?

Your HR department will soon be facing the challenges of dealing with cross border employment issues, including taxation, social security and employment law. Continue reading →

For an expatriate in Belgium, it is not always easy to find your way in a new country. It is not always easy to get access to the right information about personal finance, taxation and estate planning.

Why not visit the 2014 edition of the Expat Financial Affairs, which is organised by the British Chamber of Commerce? This year, ICHIBAN Consult will also be there with an interesting workshop on Belgian taxation for expatriate tax payers.

EFA invitation 2014 (4)

Specific tax rules apply on income, which is derived by a private person from the cession of the right to use intellectual property, which was created by the individual.

This can, for example, be the case for creations by artists, writers, photographers, designers etc…. The related income is (up to an annual limit) taxed at a reduced fixed rate of 15% (plus communal tax) and in order to determine the amount of the taxable income a substantial cost deduction is granted. In addition, this type of income is not subject to social security contributions.

The reduced taxation, in combination to the social security exemption, strongly contrast with the high income tax and social security rates, which apply on regular income from professional activities. Continue reading →