Taxation of the social profit and public sectors differs greatly from traditional corporate taxation. Similarly, the tax aspects of real estate, IT, technology and innovation require an in-depth specialization. Mythra has ample experience in these matters and will gladly assist you with any tax matter.
Hospitals, elderly care homes, non-governmental organizations, religious institutions, (international) not-for-profit organizations and (private and public) foundations play an important role in today’s economy. Not only do they create a significant number of jobs, their resources continue to be reduced a result of which these must be used as efficient as possible.
The increased importance of this sector has also sparked the interest of the tax authorities. More and more people and organizations active in the social profit sector are confronted with questions or audits. Limited resources also resulted in a growing importance for tax planning and tax saving strategies in this sector. Given the increased level of scrutiny by the tax authorities, preventive screening of one’s tax position is highly recommended to prevent unpleasant surprises at the time of an audit. When advisable, we can also apply for an advance ruling in tax matters, in which the tax consequences of a contemplated transaction or operation are discussed in advance with the Belgian Ruling Commission. The end result – a ruling – is binding upon the Belgian tax authorities.
Taxation of the social profit sector differs greatly from traditional corporate taxation and requires an in-depth specialization from tax advisors. Mythra has ample experience in these matters and will gladly assist you with inter alia the following:
Governments and governmental institutions (federal government, regions, communities, provinces, cities and municipalities and public centers for social welfare) levy their own taxes, but at the same time are liable to tax. In addition, their internal and external privatized government agencies (such as autonomous municipal enterprises, autonomous provincial enterprises, inter-municipal associations, care homes) and government agencies are liable to tax.
As a result, the public sector does not escape from scrutiny from the tax authorities. Moreover, the tax landscape in this sector has been subject to significant changes over the past few years. For example, rather recently the tax regime of inter-municipal associations has changed significantly. Moreover, audits in the field of VAT are becoming more common. In the past years there has also been a lot of discussion on the taxation of income from concessions and cellphone towers.
Taxation of the public sector differs greatly from traditional corporate taxation and requires an in-depth specialization from tax advisors. Mythra has ample experience in these matters and will gladly assist you with inter alia the following:
Taxation of enterprises active in the sectors of IT, technology and innovation differs greatly from traditional corporate taxation. Moreover, Belgium has introduced several preferential regimes and tax incentives to stimulate these sectors.
The lawyers of Mythra can assist entities active in these sectors with inter alia the following:
The tax lawyers of Mythra have a broad experience in the field of real estate taxation.
We can assist private individuals, entrepreneurs and government bodies with inter alia the following: