Articles

Luxembourg – Budget 2017 presented to parliament

On 12 October 2016, Budget Bill No. 7050 was submitted to the parliament. The most important fiscal measures are summarized below. Arm's length principle A new article 56bis will be included in the Income Tax Act (ITA), which codifies the arm's length principle. The new article provides that companies have to determine an arm's length…
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Belarus – VAT on cross-border e-services – law adopted

On 6 October 2016, the Upper House of Parliament adopted the law introducing VAT on electronic services provided by foreign entities (for previous coverage, see Belarus-1, News 2 September 2016). Such services include, inter alia, supplies of software updates, films, music, games, granting access to online databases, etc. Source: ibfd.org
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Belgium – Reduced VAT rate for certain buildings

An amendment to Royal Decree No. 20 was published in the Official Gazette on 19 August 2016 (with an erratum in the Official Gazette of 31 August 2016) with respect to the 6% reduced VAT rate for school buildings. With effect from 1 January 2016, buildings intended for psychological, medical and social centres and student…
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Belgium – Advertising on cars

Decision No. E.T. 129.852 of 15 June 2016 provides that applying advertising (e.g. paint in a particular colour, the name of a business or advertising texts) to a vehicle should not be considered a service on a vehicle (and thus a car cost) but rather as an advertising service. Consequently, the VAT imposed on this…
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