"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
China Desk
Transfer Pricing in China: 5 things all foreign companies doing business in China should know
Fueled by initiatives such as the BEPS (‘Base Erosion and Profit Shifting’) Action Plan by the OECD and newly implemented transfer pricing local rules and regulations by OECD- and non-OECD member countries, transfer pricing has become a topic of increasing importance for companies all over the world. Though China is not a member of the OECD, they have also followed the recommendations by the O
China Desk
Why should foreign companies in China be ready to expect the unexpected?
Why should foreign companies in China be ready to expect the unexpected? Two exceptional cases to explain you why and what you can do about it Police in China seize 20,000 tonnes of low-grade ‘fake’ salt  The above is an actual headline taken from the Thursday, July 2, 2015 issue of the South China Morning Post.  China is a market which provides many opportunities t
China Desk
Have you updated your Business License in China already? An overview of the reform in China to the Five-in-One Business License
The Chinese authorities are trying to simplify administrative procedures and to reduce bureaucratic hurdles with the aim of developing a market-based economy and “promoting mass entrepreneurship and innovation”. Therefore, they have instituted administrative reforms simplifying China’s business establishment and registration procedures. In October 2015, the “Three-in-One” business lic
Corporate Finance
IMAP 'Creating Value': issue December 2017
The 3rd edition from the IMAP 'Creating Value' provides new insights and analysis on a range of sectors and developments in the M&A market.
The concept, the introduction and the payment of wages further explained
Flexible timetables: finally there is a legal framework
Since the introduction of the Feasible and Manageable Work Act companies can opt to introduce flexible timetables, in line with new statutory provisions. Until recently flexible working hours may have been employed in practice, but it was a concept that was not a part of the laws and was only tolerated under specific circumstances. Flexible timetables allow employees to plan their work a
The December advance payment & the optional VAT system will be discussed
VAT news in brief
The December advance payment for those submitting quarterly returns.  VAT payers who submit periodic monthly returns are already familiar with the December advance phenomenon, and soon those who submit quarterly returns will also have to keep this requirement in mind. As part of the further simplification of the VAT legislation and administration, the Minister of Finance decided to scra
A comparison of the present & future legislation
What the Summer Agreement means for future capital reductions
Since the Summer Agreement was concluded there has been much discussion on the pro rata rule for capital reductions. Given that to date no definitive legislative texts have been published, this aspect of the corporation tax reforms remains murky and changes might still be introduced to the proposed regulatory measure.  The present legislation  In the event of a capital reduction, one
The consequences of a incorrect or incomplete registration
Why it is essential to ensure you are properly registered with the crossroads bank for enterprises
It is important for all companies to ensure that their details registered with the Crossroads Bank for Enterprises (CBE) are kept up to date. The CBE is the central register of the FPS Economy in which all the basic information of companies and their business entities are recorded. The information contained in the CBE is distributed to the various public services (such as the VAT authorities, the
The 4 action points thoroughly discussed
How the Summer Agreement affects the ATAD Directive
By now it’s hardly news that Belgian corporation tax will be comprehensively reformed as part of the Summer Agreement. The proposed reforms as set out in the drafts of the Programme Act (authorising government expenditure measures) and the Recovery Act were approved on 27 October by the Cabinet. The government presented the Programme Act bill to the House of Representatives on 6 November 2017, w
In which language do you compose your invoice?
Invoice, Factuur, Facture or Rechnung: it’s up to the legislature.
Invoices must always be composed in Dutch if your place of business is located in Flanders. If you wish to issue invoices in languages other than Dutch, then you can use a multi-language invoice or a duplicate (translated) one. The obligatory provisions for invoices fall under the language legislation The Royal Decree of 18 July 1966 consolidating the laws on the use of languages in administra
China Desk
How to sell services, conduct trade, and manufacture goods in China without owning a local entity
The rules and regulations for foreign companies to do business in China can be considered as strict and for some businesses even as restrictive, However, it certainly remains possible for foreign companies to do business in China without owning a local entity. Foreign companies can sell their services in China, sell and import their goods into China and have their products produced in China, all w
Highlighting the new aspects
New Flemish rental decree on the cards
On 14 July 2017 the Flemish Government approved the draft bill for the Rental Decree (the Huurdecreet), which aims to provide greater legal certainty in the contractual relationship between lessees and landlords. In anticipation of the Rental Decree coming before the Flemish Parliament, we are highlighting the new aspects of the draft bill. Towards a broader scope: ‘a property or a part there

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