Assuring compliance within the complex landscape of global mobility
Our professional organisation of accountants, bookkeepers, tax specialists and legal advisors provide you with professional and specialised advice at an international level. We offer you an integrated approach, not just business-as-usual, but solutions with real added value that are made and specifically applied to your needs. We take your raw numbers and turn them into concrete advice.
Providing high-quality services means continually testing theory against practice, and vice versa. Bofidi’s team benefits from first-rate continuous education, and can provide you with practical, swift and expert advice in the financial, tax, legal, company law and economic domains.
How can we help?
BOFIDI listens to the entrepreneur and detects needs and provide tailor-made advice. We are a one stop shop for accounting services, (international) tax & legal services, business coaching, corporate finance, payroll and consulting services.
Cross-border income tax advice & payroll
What are the consequences of working in different countries or having a foreign employer and working in another country? Which country has the right to tax the income? Each specific situation need to reviewed according to the provisions of our Double Tax Treaties. Setting up a split payroll may be the solution.
Special tax regime for foreign executives
A foreign executive assigned temporarily to Belgium within an international group of companies may qualify for a special tax regime. Once granted, the special tax regime will result in a significant tax saving and cost reduction for the company.
Income tax simulations
We perform all kinds of calculations. We provide gross-to-net and net-to-gross computations for expats, split simulations in cross-border situations or compare the salary package of an employee with a self-employed person. We present you the net savings in a clear overview. What’s in it for the client!
Compensation & benefits
The war on talent is very real! How can you make a difference as employer in order to attract the right people. A balanced salary package is key! We would be pleased to assist your company implementing a smart reward policy depending on the needs of the workforce.
Tax compliance
A yearly individual income tax return needs to be filed for expats, local employees and freelancers working in Belgium. As a resident taxpayer of Belgium, the worldwide income needs to be reported (including real estate, interest and dividend income…) whereas non-residents are only taxable on their Belgian source income. Make sure everything is included!
One man business vs management company
What if you get an offer as self-employed person? How can I optimize my net salary as self-employed person? Should I set up a company? What about VAT? With our tool and expertise, we are able to optimize your net package in an understandable way for our clients.
Why work with us?
We are a one stop shop and advise our customers regarding accountancy, tax, legislation, business coaching, corporate finance, payroll, HR and internationalization.
How can I benefit from the special tax regime for foreign executives?
If you are assigned to Belgium or recruited outside Belgium, you may benefit from the special tax regime in Belgium either as incoming taxpayer or either as incoming researcher. The tax benefits are exactly the same for both groups but an incoming researcher does not need to have a minimum yearly gross base salary of EUR 75.000 like an incoming taxpayer. Both may not have been taxed as a resident or non-resident in the 60 months period before employment. Once granted, part of the salary on top of the base salary is considered to be non-taxable!
What are the advantages of setting up a company?
Through a (management) company we are able to set up our own salary package depending on the needs of the director. The company itself only pays 20% corporate tax on the first 100.000 EUR profits and has the possibility to distribute the profits as dividends at a rate of 15% under certain conditions. If we maximize profits and set our gross salary to a minimum, the net salary will increase significantly. We would be pleased to provide you with comparable tax simulations!
Do I need to pay taxes if I work abroad?
As an employee, the answer will depend where your employer is located and where you have performed your professional activities physically. If you are on the payroll outside Belgium and physically perform your activities in that specific country, Belgium will in principle need to exempt this income subject to progression. All other workdays will become taxable in Belgium. Be prepared and safe proof of your physical activities outside Belgium!
Your expert
At BOFIDI, Karel is the contact person for personal income tax, cross-border employment tax situations and all obligations of international executives and self-employed persons.
Karel Van Hootegem
Tax Manager
