News Archive

Portugal has long been known as a tax haven for foreigners. This was due to the 'Non-Habitual Residence Regime' (NHR), under which certain foreign income was taxed at a low rate or even completely exempt for 10 years. The government has now announced the abolition of the regime from 2024.

When contemplating family succession, the initial focus often lies on the financial and legal complexities involved. The interpersonal aspects, however, frequently receive less attention. Yet, the two are inherently connected. In fact, it is often these underlying sensitivities that determine the success of succession.

Putting sustainability at the top of the agenda is essential not only for your company's reputation, but also for its revenue. ESG factors can have a significant impact on a company's valuation.

At the end of September, the Council of Ministers reached an agreement on the introduction of e-invoicing. This agreement builds on a preliminary draft law that was already presented in May.

We take a closer look at some of the measures and procedures that the European NIS2 Directive requires as a minimum to reduce your organisation's vulnerability and increase its resilience to cyber-attacks (and avoid penalties).

As a service company, our impact on the environment is rather limited compared to manufacturing companies. So is sustainability a relevant issue to focus on strategically, apart from meeting the requirements of the CSRD? The answer is a resounding yes! This is how we do it at Vandelanotte.

Sustainability is playing an increasingly important role in our society. New European sustainability directives, such as the Corporate Sustainability Reporting Directive (CSRD), require companies to report on the impact of their activities on people, society and the environment.

In a previous article, we already announced the signing of a new double tax treaty between Belgium and the Netherlands. In all likelihood, the earliest the treaty will enter into force is 1 January 2025. Nevertheless, we would like to discuss some important changes.

Owners of an unoccupied property that does not generate income also receive an annual property tax bill. It is possible to obtain a reduction under certain conditions.

On 1 July 2023, the framework agreement on cross-border telework signed by 18 European member states came into force. This historic agreement marks an important development in how telework is handled within social security frameworks.

On 1 August, the new legislation regarding a central register for disqualifications came into effect. In the past, disqualifications issued by the courts often seemed to fail to achieve their purpose as there was no suitable follow-up mechanism. The central register is intended to change this situation.

After a long period of very low or even negative interest rates, central bankers are increasing benchmark interest rates. These increases also have a significant impact on intra-group financing agreements. We are referring to ordinary loans, intra-group cash pools, granted guarantees, supplier credits, and so on.

Flanders Investment & Trade (FIT) has launched a new open call for the allocation of start-up internationalisation packages. This one-off grant of €9,000 is aimed at start-up exporters who have never received financial support from FIT before. The application period for this call is from 2 October 2023 to 11 October 2023 (5pm).

In December 2022, the European Parliament adopted the NIS2 Directive on the security of network and information systems to ensure a higher level of cybersecurity in the EU. It is now up to Belgium to introduce new legislation to replace the existing NIS law by 17 October 2024.

The investment deduction allows companies to exempt part of their profits for certain new investments made during the tax period. In this article, we take a closer look at the changed percentages for the investment deduction.

In the wage agreement, the Federal Government decided that the wage standard is 0% for the 2023 to 2024 period. That means that, employers are not permitted to assign their staff voluntary wage increases in this period. There is an exception for employers achieving an (exceptionally) high profit in 2022.

The relance overtime-hours system familiar for the last few years is being extended for the 2023-2025 period. This once again involves 120 overtime hours that are exempt from taxes and social security contributions.