THE TAX PROCEDURE of direct taxes and VAT dates back to March 1999, which is twenty years ago this month. If this anniversary may have gone unnoticed, the two decades following its introduction have by no means been plain sailing. Right from its conception, there was a suspicion that there were major flaws in the legislation.
YOU WOULD HAVE TO BE A MARTIAN to not know that elections are coming. A characteristic of our constitutional system is that the House of Representatives then designates the articles of the Constitution which may be amended in the following legislature.
ON CLOSER INSPECTION, money matters are not so complicated. If you earn an income from your work, you can either keep, invest or spend that money. Whatever the option, the State has a finger in every pie.
Doctors have an unenviable position at parties. People bombard them with dozens of medical questions about their ailments, possible medication and corresponding prescriptions, let alone the situation in which and uncle or grandchild makes an unfortunate movement or breaks something.
Almost three years ago to the day, my article “Le cadastre des fortunes arrive” was published under this section. The Central Contact Point (CCP), created by the National Bank of Belgium, has been operational since mid-2015.
Our Finance Minister announced a few weeks ago the introduction – faster than expected by Europe – of a reporting requirement for accountants and tax advisers. In fact, aggressive tax planning will be the subject of the reporting.