Yves Lecot

Since the entry into force of the Companies and Associations Code (CAC) on 1 May, the number of company forms is reduced to four. Much attention goes to the private company and especially the abolishment of the capital concept. Why choose this company form? The private company is a company with full legal personality without…

The VAT fines scheme will undergo a facelift. For certain first infractions in good faith the fines will as from now automatically be waived. To make this possible, the VAT authorities have modified their internal instruction. The VAT Code and Royal Decrees will not be amended. First infraction? Fine automatically waived In case of a…

The tax and social advantageous mobility allowance or cash for car scheme is not the same as the mobility budget. This we explained earlier. The mobility allowance exists since 1 January 2018, the introducing of the mobility budget is in preparation. In this article, we focus on the legal and tax treatment of the mobility…

The tax and social advantageous mobility allowance or cash for car scheme is not the same as the mobility budget. This we explained earlier. The mobility allowance exists since 1 January 2018, the introducing of the mobility budget is in preparation. In this article, we focus on the legal and tax treatment of the mobility…

The securities accounts tax imposes a 0,15% tax on everyone having one or more securities accounts with in total 500.000 euro or more. An administrative circular letter provided more details. Tax The tax amounts to 0,15% on what is on securities accounts and is due by everyone having more than 500.000 euro on its securities…

In general costs are deductible in the year which they are made or borne. Due to the corporate law reform this will change for expenses actually relating to another financial year. Accounting: the matching principle The matching principle is an important accounting principle. This means that costs are allocated to the year which they relate…

This article was written on the day when billions of people across theglobe stopped to look back at the terrorist attacks of September11, 2001, on the 15th anniversary of the attack on New York. One ofthe many lessons that were learned following the tragic events of9/11 was that terrorism is entirely dependent on having a…

The accounting qualification of a leasing transaction is important to determine the applicable accounting reporting. For accounting purposes the (financial) lease is quoted on the assets side of the balance sheet. All other transactions such as rent and operational lease, which do not meet the conditions for financial leasing, are for accounting purposes treated as…