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The Belgian VAT is part of the European Union value added tax system. Most smaller businesses with a turnover lower than €25000 can request an exemption as of 01/01/2016. There is transfer tax in Belgium. In case of capital tax, there is only a fixed fee 50 EUR. In Belgium, there are also some environmental taxes associated mainly with energy ...
George Heylens in this case was a Belgian footballer. French rules at the time required a football trainer working in France to have a French qualification. [34] Bettray 344/87 [1989] ECR 1621; Groener C-379/87 [1989] ECR 3967; Antonissen C-292/89 [1991] ECR I-745; Bosman C-415/93[1995] ECR I-4921; Angonese C-281/98 [2000] ECR I-4139
However, Belgian CFC legislation is obsolete in practice given that the application of Belgian transfer pricing rules (i.e. article 185, § 2 of the Belgian Income Tax Code, allowing the Belgian tax authorities to implement an upwards adjustment of the profits in case of a breach of the arm's length principle) take precedence over CFC legislation.
In 1992, a minimum corporate tax rate was proposed on a regional scale for the European Union member states. The proposal was made by the Ruding Committee in 1992, a European Commission expert panel led by Onno Ruding. [4] [5] [6] The committee's proposal, of a 30% minimum tax, [4] was however not implemented. [7]
Europe's top court on Thursday scrapped an EU order for Amazon to pay 250 million euros ($273 million) in back taxes to Luxembourg, part of EU antitrust chief Margrethe Vestager's crackdown ...
The ruling ended the previously presumed sovereign immunity from civil liability of the Belgian State. [15] "Waleffe" ruling: In this ruling rendered on 20 April 1950, the court established the presumption of constitutionality. According to this legal doctrine laid down by the court, whenever confronted with an ambiguous legislative act that ...
Such systems of taxation vary widely, and there are no broad general rules. These variations create the potential for double taxation (where the same income is taxed by different countries) and no taxation (where income is not taxed by any country). Income tax systems may impose tax on local income only or on worldwide income.
The patent box scheme in Belgium was introduced in January 2007, and is known as a patent income deduction (PID). The last revision applies from July 2016. This PID allows a company, liable to pay Corporation Tax in Belgium, to deduct from its taxable income 85% of gross patent income.