"Driven by our passion for entrepreneurship we strive to actively support our customers and our people on their journey to growth."
Peter Verschelden, CEO
"Amongst all accounting & consulting firms serving the Belgian market, we want to be the best in helping clients grow."
Hans Cools, co-CEO
What are the consequences and the opportunities?
Buying real estate in the Netherlands: are there tax benefits?
In recent years the purchase of property in the Netherlands has seen an uptick, especially in the beachside town of Cadzand, where 1,500 new apartments and houses are being be built between 2008 and 2020. This is the perfect opportunity to examine the (tax) consequences of buying real estate in the Netherlands and the opportunities it offers in respect of asset and inheritance planning. This artic
A reminder of the most significant tax-related points
‘For free’ is not always ‘VAT-free’
 ‘A free sample, a gadget with a corporate logo, rewarding faithful buyers and suppliers with a small gift…’ Every company is familiar with this situation, but are they also aware of the tax-consequences of these generous gestures? The tax authorities recently published a circular as a reminder of the most significant tax-related points for attention in this respect.  The rules&
A refresher on the current state of affairs
Interest on savings accounts with foreign institutions: Belgian rapped over the knuckles again for its exemption
With tax return season lurking on the horizon it is a good idea to have a refresher on the current state of affairs with respect to the exemption for interest on savings accounts. The general rule as regards the exemption At the present, the first bracket of €1,880 (for tax year 2018, base sum of €1,250) of the income from regulated savings accounts (those accounts where the bank complies
The regional benefits have diverged completely
Home-owner taxes in the tax year 2017
'Own homes' have been a regional authority matter, since 2014. Even then, it was predicted that this would result in serious fragmentation and complication of the fiscal benefits for own homes. 
Powerful weapon for combating against fraud
Prejudgement administrative attachment for VAT gets repackaged
One of the measures used in the battle against tax fraud involves the amendment of the extant regulations for prejudgement attachments that VAT officials can levy on moveable property when, during an inspection, they have established that there are matters that indicate major fraud (organised or not). An example would be when they encounter goods in a warehouse that have been part of a carousel sc
There are a number of (negative) consequences
What happens if a tax audit decides that your company is no longer ‘small’?
From a tax perspective there are a number of advantages to a company being considered ‘small’. In this article we will take a brief look at those advantages. However, there are also considerable consequences when, during a tax audit, a company is deemed to no longer be small, and these not only affect the company itself, but others too.   A small company under article 15 of the Compani
China Desk
A changing economic environment in China: results Sino Benelux Business Survey
Sino Benelux Business Survey 2017: A changing economic environment in China and how have Benelux businesses performed within this context? The year 2016 has demonstrated again to be a year of many changes. The Chinese economy has been steering more and more towards domestic consumption, new regulations have been implemented (i.e. VAT Reform and Transfer Pricing) and many developments have taken
The published circular creates clarity
Are fundraising dinners VAT-liable? We clear up the exemption for charitable support
When a VAT-exempted society decides to host an event for the purpose of raising funds, such as a fundraising dinner, it was often uncertain as to whether the event was exempt from VAT. In the wake of a legislative amendment in 2016 a circular has now been released to clear up matters. Introduction The VAT Code contains an exemption for the delivery of goods and services provided by specified s
How do you apply this principle?
China "tax break" principle for expatriates
Expatriates living in China for almost five years or more are regularly asked whether they had or will have a “Tax Break” to avoid being taxed on their worldwide incomes.
Orange strenghtens the blue
element61 -our Business Analytics Business Unit- celebrates 10 successful years
  History 3 April 2007. element61 was launched and immediately took up a position as a leading Belgian consultancy business, specialising in Business Analytics, Performance Management and Financial Reporting. The origin of the firm’s name is the 61st element in the Periodic Table, Promethium, abbreviated as PM, which also stands for Performance Management, the field in which this Busine
Limited to federal & Flemish regulations
Target group reductions for social security: Are you still aboard?
As a result of the 6th state reformation, the Regions now have the authority to oversee personal target group reductions (doelgroepverminderingen) in respect of the employer’s contribution to social security. Flanders has opted to simplify the target group system, as a result of which a number of existing measures have been scrapped and new target group reductions have been devised for the young
The struggle against fiscal fraud
FATCA: Prevention is better than reclamation
The US Foreign Account Tax Compliance Act (FATCA) has been in effect since 1 July 2014. The law is part of the war on tax fraud and is aimed at tackling international tax avoidance by American citizens through a new system of global automatic data exchange. What obligations have been introduced under FATCA? Under FATCA certain identification, reporting and/or content obligations are imposed f

Subscribe to our newsletter