Since 1 July 2016, companies with innovative ideas have been able to make use of the innovation income deduction when developing their services, goods or software, in addition to many other support measures to significantly reduce their average tax rate. Unlike its predecessor, the patent income deduction, the innovation income deduction has a broader scope. Let’s discuss the measure in more detail.
When an SME or large company invests in research and development (R&D) of new products or services, the government offers all kinds of advantages, including an additional deduction or a tax credit on these investments.
Building a sustainable future together! On 24 May 2019, millions of young and not-so-young people in 1,600 cities and 125 countries took to the streets in support of the climate. With their protests, they drew attention to the urgency of environmental action and demanded that governments comply with the Paris climate agreement. And they asked for the support of businesses, because climate change is affecting the entire economic world. BDO is already setting the example. Its brand-new multidisciplinary Sustainability team has published the first CSR Report.
“Entrepreneurship comes down to: those who don’t dare, don’t win.” From local parties to national events, such as SuperNova and The Big Score. From a lucrative business selling notes and exam questions to setting up international companies, such as Clear2Pay and SmartFin. Top entrepreneur Jürgen Ingels’ journey has been pretty impressive. He has now bundled these experiences in a book with 50 tips for entrepreneurs. About his Swedish chocolate adventure, Pampers, a Porsche, the turkey syndrome, invoices and wine.
You create the perfect job yourself! Contrary to popular belief, building a successful career does not mean accumulating promotions and getting to the top as quickly as possible. In “Making your way: The (wobbly) road to success and happiness in life and work”, Marion Debruyne, Dean at Vlerick Business School, and Katleen De Stobbeleir, Full Professor at the same institution, unravel fifteen 15 myths about career success and happiness in life.
New annual tax on securities accounts. Since 26 February 2021, the new annual tax on securities accounts (TACT/JTER) has been applicable. The new tax is derived from the previous 2018 tax on securities that was overturned by the Constitutional Court not so long ago. What exactly is changing?
In this rapidly changing society, lifelong learning has become the new normal. Not only for employees who want to maintain their ‘job security’ and market value, but also for companies and organisations who want to bring the skills and competences of their employees in line with their strategic objectives. BDO Academy helps and facilitates companies develop their employees’ personal growth paths. It also offers a wide range of customised training and education programmes.
Belgian foundations on the rise. New rules make the legal form more attractive. With the new Companies and Associations Code, Belgians are much less inclined to resort to the Dutch foundation to transfer or anchor their family business. In 2020, over 50% more Belgian private foundations were established in Belgium than the previous year. The number used as an administration office increased almost threefold. In this article, we examine what is driving this sudden increase.
Real-time accounting, the digital link between manager and accountant. Even though the digital transition of companies is in full swing, directors and managers often wait for weeks to get access to their financial data. That problem weakens competitiveness. Real-time accounting brings relief.
Are you ready for the post-Brexit era? VAT, customs, GDPR and mobility of workers. Since 1 January 2021, the United Kingdom is no longer part of the European internal market. The long Brexit negotiations led at the last minute to a new trade agreement between the European Union and the UK. This agreement regulates relations in all their dimensions, from trade and customs formalities, to the protection of personal data and to the organisation of international employment. We answer the most frequently asked questions.