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

The inequality … Until recently the lump sum benefit in kind for the free use of a house was calculated in different ways: House put at the disposal by a private individual: cadastral income of the house x 100/60; House with a KI lower than 745 euro put at the...

Private pension savings : opt for 960 or 1.230 euro?

Save a higher or lower amount? Do you make private pension savings? As from 2018 you can choose between two maximum amounts: You can save up to 960 euro (threshold for tax year 2019, savings in 2018) at 30% resulting in a tax advantage of 288 euro. You can save up to...

Where does transport of goods takes place for VAT purposes?

Transport of goods follows the general rule The VAT Code contains a number of rules in order to determine where a service takes place. The general rule in a B2B (business to business) context provides that a service is deemed to take place in the country where the...

Cash for car: interesting for who?

For this scheme company cars are passenger’s cars, cars for double use, minibuses, including the ‘false’ light trucks (art. 65 Income Tax Code) which are registered in the name of the employer or are part of a renting or leasing contract and which...

Catering expenditure fully deductible

Reception or marketing? Expenses made to welcome and entertain people in your company are for tax purposes defined as ‘reception expenditure’. For both corporate income tax as for individual income tax these costs are 50% deductible. Also for VAT purposes...