• HR Services Newsletter, April 2003

Our Newsletter offers information on the latest developments in the area of Human Resources in Belgium. Each issue is filled with articles on news, changes and proposals in the HR environment. All articles are written by our in-house experts.

We look forward to receiving any reactions, suggestions or remarks from you regarding the Newsletter. We hope that you find it a valuable initiative.

A PDF version is available for download at the bottom of this page.

Content

• Editorial – Eric Cauwels, Partner
  A Witch-hunt against the Sham Self-employed ?
• Executive Remuneration, Now and in the Futur – Eric Cauwels, Personal Tax and Frank Ruelens, Bogaert&Vandemeulebroeke
  It is not clear how much importance executives attach to their compensation packages; what is clear, however, is that the average executive spends little time in thinking about his personal status within the company he is managing, for the simple reason that he is constantly solving the company’s problems and those of the people working for it. In many cases, compensation packages are not in line with the roles and responsibilities assumed, either.
• New Belgian-Dutch Tax Treaty – Bart Lombaerts, Personal Tax
  The Belgian-Dutch treaty for the avoidance has been replaced by a new one with entry into effect as from 1 January 2003. It contains many changes, not at least for individual taxpayers. Read more about compensation payment schemes and supplementary pensions.
• Job Classification – Bernard Vuylsteke, Diederik Van Noten, Sofie Reviers, Reward
  Is job classification an instrument that has served its purpose and that should now be retired or, on the contrary, is it an indispensable instrument, one of the cornerstones of sound personnel management?
• Stock Options – Stock Markets Debacle – New Tax Rules – Luc Legon, Personal Tax
  The provisions of Belgium’s stock option taxation legislation bear witness to the era in which it was enacted, i.e. shortly before the end of a period of stock-market euphoria. Four years on from the enactment of the legislation, the risk of incurring a loss equal to the tax due at the time of grant has become more acute to say the least.
• Surrender Value of Dutch Pensions Is Taxable If No Vested Rights Exist – Annelies Bruyninckx, Personal Tax
  The Belgian tax authorities inferred a general rule from the decision of the Court of Cassation dated 11 April 2002. They conclude that where no surrender rights exist, no vested rights exist, and as a con-sequence, the payment is to be considered as a taxable surrender value.

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