Tax deductibility of company bicycles
I am an employer in the form of a company and I decide to make bicycles available to my employees, can I deduct the costs of the bicycles for tax purposes? […]
Alternative remunerations
We all know that Belgium is one of the countries in the world that taxes professional income the most. Indeed, above a certain threshold, almost half of the salary package granted by the employer is subject to taxes (federal, regional, municipal), to which must be added the social contributions! Nevertheless, [...]
Personal income tax rates
Personal income tax rates are progressive . This means that the tax rate rises as incomes grow. Personal income tax is calculated on all taxable income, even if some income was received or obtained abroad. The progressive tax rates for the following fiscal and income years are the following : Income [...]
Classes of shares’ disavantages
While creating share classes within a company may have certain advantages, it is not a trivial decision. The presence of share classes implies more cumbersome formalities for a number of operations. As an example, two of the most impacted operations are detailed below, namely: the modification of the rights attached to [...]
Management of the LLC (SRL/BV)
I. Structure The board of directors manages the company and takes all decisions relating to its operation. A limited liability company may have both default and collegiate management (art. 5:70 BCCA). Default management will be exercised by one or more directors with full powers. Collegial management, as the name implies, will [...]
Allocation of shares with vesting, stock options and virtual stock options
Giving a start-up's staff the opportunity to benefit from its value growth is generally seen as an effective way to alleviate initial cash flow requirements while increasing employee buy-in and motivation. There are several techniques to achieve this: the allocation of shares; the assignment of a debt due at the time [...]
Grant different rights to shareholders in the same limited liability company SRL
It is indeed possible to create what will be called different classes of shares, provided, of course, that very strict conditions are met. The rights attached to the shares are not necessarily proportional to the value of the shareholder's contribution. Thus, it is possible to provide in the articles of association [...]
The liability of the directors of the legal person
According to article 2:56, paragraph 1 of the CSA, "The [directors] are liable to the legal person for faults committed in the performance of their duties. The same applies to third parties insofar as the fault committed is of an extra-contractual nature. However, they are only liable for decisions, acts or [...]