Dear client, Undoubtedly you have followed and felt the developments concerning the coronavirus (COVID-19) over the last few days. Not only are we concerned about the welfare of everyone in our society, we at Feniks Accountants are also worried about the health of our... From 3 months to 1 month When you are an entrepreneur, then you know it: VAT returns should be filed by the 20th of the month following the month or quarter to which the VAT return relates. In case you have a VAT refund position, you can leave the amount on the... Start a business Before you can start an economic activity, you should register with the Crossroad Bank for Enterprises (CBE). They will provide you with a company registration number. Subsequently you should – when you start a VAT activity – apply for a... VAT and hospitality expenses The discussion about the VAT deduction on restaurant and reception expenses and the deductibility for income taxes is no ‘one-on-one’ story. VAT on hospitality expenses is not deductible. One exception exists: in case the... With your own car If you as employer asks your employee to use his own car, it is logical that you pay an allowance for the employee’s expenses. As a general rule the employee has to prove these expenses. But for practical reasons the tax authorities accept that... Three cases There are three situations in which VAT is due on the letting of immovable goods: When the landlord and the tenant choose to charge VAT on the rent (the so-called optional VAT rent); Letting of storage space. This was already in place, but now there is a... We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkMeer informatie 