If you are a company manager and you lend/borrow money to your company, you need to consider the repercussions. By taking money from your company, you create a debit current account, which means you owe a debt to your company.…
Minimum amount of ATN car The use of a company car for private purposes generates a taxable benefit in kind (ATN) for the beneficiary. This benefit is calculated on a flat-rate basis using the following formula: “catalog value × 6/7…
Belgian VAT payers Exemption system: conditions Taxable persons established in Belgium whose annual sales in Belgium do not exceed €25,000 may benefit from the tax-free regime for supplies of goods and services carried out in Belgium (art. 56ter, §1er, CTVA).…
Social security contributions are calculated on the basis of your gross annual income. The higher your income, the higher your social security contributions. You pay your social security contributions You deduct them. If you pay your own social security contributions,…
Benefits in kind for directors Definition. As a director, you receive a benefit of any kind (ATN) when you make private use of company property, such as a car, telephone or home, without compensating the company. Taxation. These benefits are…
Remuneration conditions. To qualify for the reduced rate of 20% on the first €100,000 of your small company’s profits, you must receive a minimum annual remuneration of €45,000 as a director. This rule applies to every company where you are…
Make advance payments to avoid penalties? Not mandatory, but recommended. Whether you’re a sole proprietorship or a partnership, VAs are not mandatory. However, if the tax due is not sufficiently covered by VA, a penalty of 9% will be applied…
VVPR-bis The VVPR-bis scheme offers a reduced rate of withholding tax (Pr M) on dividends from cash contributions to “small” companies. These contributions must be fully paid up at the time of issue of registered shares, without preferential rights, made…
If you, as a director of your company, receive certain benefits of any kind, for example for the private use of a company car, you must satisfy the theory of remuneration. What exactly does this mean? And what should you…