Use employment tax incentives to help win the war for talent and ensure compliance
Having the right people in place is crucial for an organisation’s success, and offering an attractive remuneration package is essential to remain competitive. But the wage burden also has to be taken into consideration.
Did you know you can reduce employee payroll costs through various incentives, such wage withholding tax exemptions for research and development (R&D), night - and shift labour and start-up companies? There are also schemes to reward your most creative and innovative employees through an innovation premium or the copyright regime. The options are almost limitless!
One of the most important incentives is the R&D withholding tax incentive which encourages companies to invest in research and development in Belgium. Although the benefits of this regime are clear - a recurring and substantial cash benefit for companies in Belgium - the conditions are not always.
Over the years we’ve assisted more than 200 companies in applying the R&D exemption. We use this extensive practical experience to create a customised approach from strategy through to execution. Our support includes:
Registration at Belspo
Analysis of the R&D puzzle
Calculation of the incentive, coordination with the payroll agency and Belspo update
Building a defence file
PwC is also experienced in applying other wage withholding tax exemptions such as night and shift labour, real estate, start-up companies and overtime.
If your company is working with research and development there’s a strong possibility you can also apply for corporate tax incentives and cash grants, designed to stimulate innovation. Navigating your way through the incentives available, the competent authorities, application procedures, filing and keeping track of your applications is more complex than you may realise. Success depends on identifying the correct incentive for your company’s needs and translating it into a compelling and ultimately successful application.
Together with our corporate incentive team we can guide you through the R&D incentives landscape in Belgium to create one coherent framework and incentive strategy that fits your company. Find out how we can help you apply for Government incentives.
Brace Yourselves - R&D wage withholding tax incentive audits are coming!
Time to verify your night - and shift labour: check your shift premium and the calculation of the 1/3 norm!
Withholding tax incentives: time to take action - deadline extended to 1 October 2021
R&D wage withholding tax incentive - Mind the (expanded) formalism and prepare yourself!
Wage withholding tax incentives: COVID-19 measures and extension of 2019 deadline