Recent news items

On 31 December 2024, the long-awaited Royal Decree was published, clarifying the scope of the new regulations. We outline the key aspects of the reform.

To prevent France from being left without a budget, President Macron announced the introduction of a special Financial Law for 2025. This temporary and pragmatic law will maintain the tax rules from 2024 unchanged in 2025, without adding new taxes or expenditures.

On 5 December 2024, the tax administration published new guidelines on the reimbursement of electricity charged at home by employers to employees and company directors. These guidelines introduce a temporary administrative tolerance for 2025.

As of 1 January 2025, new and stricter rules will come into force in Flanders, further tightening the existing system of chain responsibility for the illegal employment of third-country nationals. This legislation increases the responsibility of contractors and clients.

Since 2016, Belgium has implemented a mandatory three-tier documentation system for transfer pricing, consisting of a master file, a local file and a country-by-country report (CbCR). For tax years beginning on or after 1 January 2025, these forms will be updated.

Are you considering making a manual or bank gift soon? Don’t wait too long! Starting 1 January 2025, regulations in Flanders will change. The so-called 'suspect period' will be extended from three to five years.

From 1 January 2025, significant changes will be introduced to the VAT chain. The 'VAT chain' encompasses the entire VAT procedure, including periodic VAT returns, payments, and controls by the tax authorities. The changes will be introduced in stages by the Belgian administration.

From 1 January 2026, e-invoicing will be mandatory for all Belgian VAT-registered businesses in a B2B context. This marks a fundamental change in the way companies create, send and receive invoices. But what does this measure mean exactly?