News
Declining Balance Depreciation for SMEs Possible Again from 2025
With the announcement of new tax measures in the coalition agreement of the federal government De Wever I, SMEs will once again be able to use declining balance depreciation. This means that companies can record higher depreciation expenses in the early years of an...
A Strong Start to 2025 at Feniks!
Last week, we kicked off 2025 with great enthusiasm at Feniks Accountants. During this launch moment, we shared our vision and goals for the new year, with a clear focus on growth, customer-centricity, and innovation. Our core values – Reliability, Personal Attention,...
E-invoicing: The Future of Invoicing in Belgium
Starting in 2026, e-invoicing will become mandatory for all Belgian businesses. This means that invoices can no longer be sent via PDF or paper but must be transmitted in a structured electronic format. As a forward-thinking accounting firm, we proactively guide our...
Also during the corona crisis you can count on us
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...
VAT credit: loosening for starters
When you have to get VAT back from the tax authorities, you need to have some patience. A VAT credit is as a general rule only paid back after a period of 3 months. In order not to put starters in financial problems, they can obtain, as from 1 January 2020, the repayment of their VAT credit after one month during the 2 first years of their existence.
Start, change and stop of a VAT activity: soon to be filed digitally
When you start an independent activity, you should report this with the VAT authorities. The old forms will soon be replaced by a digital application.
Catering on a marketing event
Professional restaurant and reception expenses are 100% deductible. A dinner with your client is deductible for only 69%, reception costs for only 50%. But does this also go for catering expenses during an open door event? This is not just a dinner or reception. This should after all be 100% deductible since it is publicity? ‘Yes’ says the Minister … ‘No’ says the Court of Cassation.
The lump sum mileage allowance from 1 July 2019 up to 30 June 2020
Traditionally it is communicated shortly before 1 July what the amount will be for federal civil servants when they use their private car for professional purposes. But this is also news for accountants and tax advisers since this amount also has tax relevance.
When is VAT due on the letting of immovable property?
As from 1 January 2019 VAT is due on the letting of immovable property … or more precisely VAT can be due. The tax authorities recently further explained in which situations VAT might be due on the rent.
No capital requirements for the private company (BV)
Since the entry into force of the Companies and Associations Code (CAC) on 1 May the number of company forms is reduced to four. Much attention goes to the private company and especially the abolishment of the capital concept. Why choose this company form?