"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
The consequences for companies
VAT on your own construction work: an explanation of the amended law
On 29 November 2017 amendments were made to several points in the VAT Code. This amended law was explained by the administration on 12 February (in the Circular 2018/C/20). In this article we aim to consider the consequences of the amended law for companies constructing their own company building or carrying out their own repair/maintenance or cleaning work. Former situation Whenever a VAT-reg
Setting up a plegde on moveable assets will be easier
The new Pledge Act: introduction of a non-possessory pledge and extension of the retention of title
The new property law came into force as from 1 January 2018 (the act of 25 December 2016 establishing the amendment of various provisions with regard to the collateral on moveable assets, Belgian Official Journal 30 December 2016). This makes it easier to set up a pledge on moveable assets thanks to the introduction of a Pledge Register and it extends the effect of retention of title. Non-posse
New fixed benefits in kind as from 2018
Split bill rule can avoid benefit in kind for smartphones
Whenever an employer provides an employee with a free tablet, mobile telephone, telephone or data subscription that may be used for private purposes, this is considered a taxable benefit in kind. Since the beginning of this year there are fixed charges for such benefits, but in some cases it is possible for a benefit to be avoided. Fixed benefits in kind as from 2018 A fixed amount has been
The Year of the Dog!
MS Advisory wishes you a “Happy Year of the Dog”!
With 2018 being started, we will also transit in China from the “Year of the Rooster” to the “Year of the Dog” and celebrate the Chinese New Year. Chinese New Year is an annual celebration which brings most Chinese families together. An estimated 50% of the Chinese population will travel across the country to visit their families and as a result many businesses are closed during this perio
An interesting way to obtain capital more advantageously?
The Belgian tax treatment of the surrender of Dutch pensions under self-administration
Just before the end of the year, the tax administration finally made the decision and published a circular (Circular 2017/C/87 dated 22 December 2017), which addresses the Belgian treatment of the phasing out of the Dutch “pension under self-administration”.  Phasing out Dutch pensions under self-administration  Until 1 April 2017, a Dutch director-major shareholder or “DGA”
Who is now obligated to use this cash register?
The long-expected circular on the 'white cash register' has been published
Many words have been written over the past few years about the registered cash register system (the 'white cash register'). In exchange for a rate reduction for restaurant and catering services to 12% (instead of 21% - except for drinks), there was a requirement for hospitality businesses to work with a registered cash register system in order to combat fraud in the sector. The question over the p
The new tax rules
New car tax legislation: wheels in motion
Traditionally in Belgium, January is all about cars. Each year, the Autosalon (Motor Show) attracts hundreds of thousands of car fans to the Heysel. This year, the spotlight will not just be on the latest models of cars – the new car tax legislation will also be grabbing all the attention. So, once more, it’s time to set out the most important changes – in both corporation and personal incom
A simple and flexible way for companies to give a bonus to their employees
The profit premium from 1 January 2018
The new profit premium gives companies the opportunity to allocate part of their profits as a bonus to their employees in a simple and flexible way. The employees receive a premium, which amounts to either a fixed sum or a percentage of their wages without the employee being allocated a voting right in the company. Definition of profit premium and conditions The profit premium is a premium pa
Reduced corporation tax: in favour of or to the detriment of the taxpayer?
A new minimum remuneration requirement
The Summer Agreement, partially translated into the Corporation Tax Reform Act of 25 December 2017 (published in the Belgian Official Gazette of 29 December 2017) introduces a reduced corporation tax rate that falls to 25% by tax year 2021. Under certain conditions, a small company can even benefit from a reduced rate of 20% on its first tranche of € 100,000 of taxable revenue. However, the
A number of regulated professions are being abolished
Abolition of professional competence in Flanders: the consequences at a glance
In accordance with the Establishment of Businesses Act, every SME, natural person or legal entity wishing to engage in a commercial activity must prove the necessary entrepreneurial skills. For most professions, a basic knowledge of business management is sufficient but for a number of others, specific professional competence is required. This is in contradiction with European legislation that sta
Corporate Finance
IMAP Annual Review 2017
    Click here to find the original report. Source: IMAP
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

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