Q&A
Update: Monday, 11 May 2020 12:13
Corporate tax
- Have the deadlines for the filing of income tax returns been postponed?
- Have the payment periods for tax debts been deferred? Are late-payment interests and/or tax increases due in case of a deferred payment?
- The taxable result of the current financial year is currently difficult to predict. How to proceed with tax prepayments?
- Excess amounts prepaid? Can the payments be recuperated quickly?
- What is the impact of the COVID-19 crisis on the application of double tax treaties?
- (Transfer Pricing) Does COVID-19 have an impact on transfer pricing policies?
- (Transfer Pricing) Should intercompany agreements be updated in view of COVID-19?
- (Valuations) Does COVID-19 provide planning opportunities in view of valuations?
- (Transfer Pricing) WTS Global PAPER : COVID-19 & Transfer Pricing : Impact and opportunities
- (Transfer Pricing) What are potential pitfalls for multinational groups when dealing with financial distress in times of COVID-19?
- (Transfer Pricing) The end term of our stock option scheme is approaching. However, due to the COVID-19 pandemic, the value of the underlying shares has decreased (materially), resulting in the stock options being “under water”, meaning it is currently not interesting to exercise the stock options. What can we do
- (Transfer Pricing) Considering the COVID-19 pandemic, is it interesting to introduce a stock option scheme within my (management) company now?
Update: Tuesday, 01 September 2020 12:35
VAT, Customs & Excise Duties
- What kind of deferral measures is the Belgian government taking with respect to VAT to help mitigate the impact of the COVID-19 outbreak?
- Can an accelerated refund of my VAT-credit be requested?
- Are there any other possibilities to optimise the cashflow position of my business?
- What are the possibilities to claim a VAT refund if an invoice is not paid or will not be paid within due time?
- Are there any consequences from a VAT perspective in case a company has to destroy or discard goods due to the COVID-19 outbreak?
- In what situations and under what conditions can I donate goods for charity, without negative VAT consequences?
- As a restaurant, should I apply a different VAT rate when delivering meals at home?
- Is there a reduced VAT rate applicable for the supply of medical devices and PPE such as facemasks and hydroalcoholic gels?
- Are there any VAT-consequences in case I am renting a building to my tenant under the optional VAT regime but the rent payments are currently suspended?
- Can I request a VAT refund as a hotel owner in case VAT has already been paid on advance payments but my clients do not show up because of the COVID-19 outbreak?
- Can I reclaim the VAT that has been paid on tickets for an event when the event is cancelled due to the COVID-19 outbreak?
- Is there a possibility to request a VAT refund on travel vouchers when the booking is cancelled?
- I want to switch to internet sales, what are the main traps with respect to VAT?
- Do I have to cancel my VAT number now that I no longer have outgoing transactions?
- Help, my accountant has corona and can't file my VAT return in time. Is this a valid excuse?
- Do I already have to pay VAT on gift vouchers and other vouchers/coupons?
- What are the VAT consequences if an effective refund is replaced by a new ticket or voucher for an event or booking at a later time in case an event or travel/hotel/restaurant or other booking is cancelled?
- In what situations and under what conditions can I donate goods for charity, without negative VAT consequences?
- Which VAT rate applies to the supply of medical devices, medicines, etc.?
Update: Monday, 11 May 2020 12:12
HR Tax
- What is the impact of the COVID-19 crisis on the applicable social security scheme?
- Is the tax situation of cross-border workers affected by the COVID-19 crisis?
- My employees are working in shifts. Are there any tax incentives I could benefit from?
- My employees are working overtime. Are there any tax incentives I could benefit from?
- To compensate my employees for their loss of income due to temporary employment, I would like to pay them a supplement on top of their (legal) unemployment benefits. What is the tax and social security treatment of these payments?
- Are there any benefits I can grant in a tax-friendly way to my employees to keep them motivated?
- What is from a tax point of view the best way to accommodate my employees in view of their telework / working from home?
- My employees and/or directors are willing to temporary (partially) waive their salary to support the company. Are there any (negative) tax consequences to be taken into account?
- The end term of our stock option scheme is approaching. However, due to the COVID-19 pandemic, the value of the underlying shares has decreased (materially), resulting in the stock options being “under water”, meaning it is currently not interesting to exercise the stock options. What can we do?
- Considering the COVID-19 pandemic, is it interesting to introduce a stock option scheme within my (management) company now?
Update: Tuesday, 26 May 2020 14:44
Private Clients
- I'm not sick: how can I still make a will?
- I'm sick: can the notary still come by to make a will?
- Can I still donate for a Dutch notary?
- Do I get a deferment for the filing of the inheritance tax return (Flemish Region)? (Walloon Region)? (Brussels-Capital Region)?
- Do I get a deferment of payment for the assessment in the gift or inheritance tax (Flemish Region)?
- Can a partnership be incorporated without physical presence of the constitutors?
- I recently donated my family business exempt from gift tax, but I had to cease my economic activity temporarily. Will the exemption be maintained? (Flemish Region, Brussels-Capital Region, Walloon Region)