World Business Advices

Posts Tagged ‘tax classification’

Outside the tax plan are also tax bills are introduced. This happens for example when an existing law needs reform. The rules for income tax, corporation tax, dividend tax must be regularly adapted to new (international) developments. This also applies to the car tax, the tax on passenger cars and motorcycles and excise taxes. Even as laws many administrative burden, this may result in adjustments to this legislation.

Furthermore, tax rules introduced for certain policy goals. If evaluation shows that the goals are achieved or not achieved, legislation may be adjusted. An example is the zelfstandigenaftrek to encourage entrepreneurs. This scheme has been extended to the increasing number of entrepreneurs.

The Revenue collects the taxes and ensures that everyone is aware of his tax obligations. The Financial Secretary is responsible for the operation of the Tax. Furthermore is the organization and functioning of the customs under the responsibility of the Secretary of Finance. The Court of the State monitors the performance of the duties of the Tax and Customs.

The Special Tax Inspection (BBI) is the smallest and perhaps the best known of the Belgian tax authorities. This format was short lived because the Coperfin exercise is an established General Administration Taxes and recovery. This ensures the monitoring, collection and enforcement of federal taxes and also of many other tax authorities and will count six sections:

• Customs and excise duty
• Individuals
• Small and Medium Enterprises
• Large Enterprises
• Recovery
• Energy.

Time being the six aforementioned administrations still. In addition there was a separate administration Heritage Documentation, the services of Cadastre, Registration and covers. Beginning in 2002 the Ministry is divided between two federal government. The budget now falls under the FPS Budget and Management Control

The FPS Finance started life as the Ministry of Finance in the establishment of Belgium in 1830 as one of the five ministries. This ministry was responsible for tax, treasury and budget.

Traditionally knew the tax classification for the type of tax:

• Direct taxes by some 200 offices and receive about 500 inspection offices
• VAT, registration and domains, with some 40 VAT offices and receive a 250-tal tax control offices, a record number of 250 branches and some 50 hypotheekbewaringen
• Kadaster with a 180-tal control offices
• Customs and Excise with some 60 offices and receive a 80-tal control offices

In a number of reforms in the 90s of the 20th century, the traditional organization of the tax overturned. The following tax services came from it:

* Administration of the Fiscal Affairs
* The administration of the Corporate Income Tax and
* The administration of the Cadastre, Registration and
* Administration of the Customs and Excise
* The administration of the Recovery
* The administration of the Special Tax Inspection