The Chamber of Deputies, the lower house of the Belgian Parliament, on 1 April approved a bill amending the Income Tax Code to make the so-called tax shelter for audiovisual works even more attractive.
Belgium in 2002 introduced a tax concession to encourage investments in the production of films and documentaries in the country. Companies that invest in the production of certified Belgian audiovisual work will receive a tax exemption from corporate income tax of up to 150 percent of the amounts invested. (Read the article …)
Many of us dream of retiring in the Mediterranean sunset. Preferably with a full pension, and without any undue demands by the taxman. (More …)
A 2002 tax ruling and its consequences for a Belgian company illustrate that fiscal engineering, however well planned, can turn against a company.
In a criticized judgment that made Belgium less attractive to potential investors and clients, the Ghent Court of First Instance on 14 November 2002 confirmed a tax claim of â‚¬58.1 million against Artwork Systems Group.
Artwork Systems NV is a relatively young but performing company that specializes in prepress software. Set up in 1992, it got a listing on NASDAQ Europe (then Easdaq). In 1997 the company announced that it had sold 2,000 licenses worldwide for its ArtPro software, and in 1998 Time Inc. invested in its ArtPro Repro software for editors of newspapers and magazines. (More …)