Impôt des sociétés

Teacher(s)

Ceci Emanuele; Van de Velden Kim;

Language

French

Prerequisites

/

Content

1. General introduction to direct taxation
   • Purpose and relevance of public finances
   • National and international legal sources
   • General principles and interpretation of corporate tax law
   • Role and functioning of the tax authorities (large enterprises)
   • Ruling Commission (SDA)
2. Notion tax/assessment year and financial/accounting period
   • Annuality principle
   • Anti-abuse re changes of financial/accounting periods
3. Corporate income tax
   • Fudamental principles
   • Resident company
   • Activities performed
4. Differences with individual enterprises
   • Transition to a company
   • Management companies
5. Differences with legal entities subject to legal entities tax
   • Legal entities subject to legal entities tax
   • Legal entities excluded from legal entities tax
   • Legal entities and not for profit activities
6. Taxable basis
   • Notion of income or taxable profit 
   • Taxable profit versus (effectively) taxed
7. Determination of the taxable basis
   • Accounting law
   • Capital
   • Reserves
   • Dividends
   • Disallowed expenses
   • Deductible expenses
   • Impairments
   • Provisions 
8. Steps of the tax return
   • Taxable reserves movement, disallowed expenses and distributed dividends
   • Profit according to source
   • Deduction of non taxable elements
   • Current Belgian participation exemption (DRD)
   • Deduction for innovation
   • Investment deduction
   • Intercompany deduction = BALANCE
   • Tax losses carried forward threshold : maximum of1.000.000 EUR + 70% of the positive balance after the investment deduction (30% > 1.000.000 EUR not déductible)
   • Déduction pour capital à risque (incrémentale)
   • Deduction of carried forward DRD
   • Deduction of carried forward innovation deduction
   • Tax losses carried forward
   • NID
9. Payments to tax havens
   • Obligations
   • Sanctions
10. Frequent operations
    • Constitution, capital increase and reduction
    • Liquidation
    • share redemption
    • TLCF and tax attributes utilisation
    • Change of control
11. Withholding tax
12. Transfer pricing 
    • Profit shit
    • Granted abnormal or benevolent advantages
    • Received abnormal or benevolent advantages
13. Tax evasion and difference with tax avoidance

Teaching methods

Lectures illustrated by exercises and case studies.
Upon completion of this course, students will be able to understand the tax implications of the main transactions effected by a company.

Evaluation methods

Written examination.The student will be assessed on both his technical knowledge and:

• on his ability to use the Belgian Income Tax Code;
• on his understanding of the mechanisms and rules that are specific to the tax system;
• on his ability to express a clear and structured answer to the asked questions.

Online resources

PowerPoint and documents (jurisprudence, doctrine, casus) on Moodle

Bibliography

- Le régime fiscal des sociétés holdin en Belgique, Ch. Chéruy et Ch. Laurent, Ed. 2006
- Manuel pratique d'impôt des sociétés, L. Deklerck, Larcier, Ed. 2020
- Maîtriser l'impôt des sociétés, D. Darte et Y. Noël, Edipro, Ed. 2022
- Vademecum vennootschapsbelasting C. Meskens et B. Decock, Ed. 2023
- Acquisitions, financement et cessions d'entreprises, H. Lamon, Ed. 2015
- www.Fisconetplus.be
- www.CNC-CBN.be
- www.ruling.be
- www.curia.eu

Teaching materials

• PowerPoint and supporting course material and Belgian income tax code 92

Faculty or entity

> CLSM