After several months of twists and turns on the tax reform front, the corporate income tax reform has been adopted by law on 25 December 2017. This reform is the most important of the last years and has redrawn the Belgian tax landscape since 1 January 2018.
While all the previous presentations have had to remain general, we can now finally examine the actual impact the various changes will have more in detail, based on the final texts.
KPMG Tax & Legal Advisers is pleased to invite you to our tax and legal update. In addition to covering the corporate tax reform, we will also discuss the upcoming changes in company law as well as some recent VAT topics.
Together, we will analyze the consequences of the corporate tax reform including, a.o. the new requirement for the directors’ fees, the changes in loss compensation and in dividend - and capital gains exemption and the required actions for the future interest deduction limitation and tax consolidation (“group contribution”).
Regarding company law, we will outline the principles of the code of company law and associations based on the current drafts. We will also go deeper and provide a preview of the practical implications that the limitation to the number of forms for companies and the changes related to their management, liability and credit protection (including dividend distributions).
Finally, we will present the long-awaited VAT simplification rules for online trading and clarify the impact of the most important legislative changes. We will cover how (European) case law and the recent administrative decisions for the Belgian VAT practice will play a role as well. As well as the European Commission’s plans to introduce a definitive VAT system for intra-Community trade of goods.