last modified Oct 06, 2008 10:16 AM
by George Botaris — Jan 11, 2013 02:35 PM
11.01.13 | The Program Law of 22 June 2012 (I) introduced a new social security contribution of 1.5% on high pension premiums (see Laga Newsflash of July 2012), the so-called “Wyninckx contribution”. The calculation method for this contribution has been changed by the Program Law of 27 December 2012 (published in the Belgian Official Journal of 31 December 2012).
by George Botaris — Jan 09, 2013 10:53 AM
by George Botaris — Jan 09, 2013 10:33 AM
by George Botaris — Dec 04, 2012 04:39 PM
04.12.12 | The National Social Security Office (hereafter referred to as NSSO) has recently agreed on a new position regarding the social security treatment of tax free allowances granted to expatriates under the Belgian special tax status for foreign executives, when calculated in accordance with the ‘technical note’ of 8 August 1983 of the Tax Authorities.
by George Botaris — Dec 03, 2012 11:36 AM
03.12.12 | For the past three years, the Permit Disputes Council, which rules on appeals against permit decisions, has been active as a Flemish administrative tribunal. In addition to the publication of the annual report (1) of the Council’s third operating year, adjustments to the Flemish legislation have been introduced and entered into force on 1 September 2012 (2).
by George Botaris — Mar 01, 2013 05:09 PM
by George Botaris — Oct 29, 2012 06:13 PM
by George Botaris — Oct 22, 2012 03:02 PM
22.10.12 | On 24 August 2012, the legislative framework on Belgian covered bonds has been published in the Official Gazette. Belgian Covered Bonds are issued by credit institutions on their balance sheet without entailing the transfer of credit claims to an SPV. After having issues covered bonds, the estate of the credit institution consists of its main or general estate, to which all its creditors have recourse and of one or more specific estates in connection with the issue of covered bonds. Such specific estate of cover assets may essentially be composed of public sector loans or commercial or residential mortgage loans, and the matching thereof (nominal, liquidity and maturity) will be tested and verified on a regular basis by a third-party controller.
by George Botaris — Jan 09, 2013 02:39 PM
05.10.12 | The 25 August 2012 Act amends the Act of 27 December 2006 on employment relationships (‘the Labour Relations Act’) and introduces a rebuttable presumption that self-employed persons working in specific industries are in fact employees if at least 5 out of 9 socio-economic criteria are met. As the new legislation introduces criteria of economic dependence to assess whether an employment contract exists, it can be expected that these new measures will have a significant impact on existing self-employed relationships as well as on future self-employed relationships in targeted industries.
by George Botaris — Oct 03, 2012 01:40 PM