Assessment of secret commissions eased

Remunerations, commissions, benefits in kind or other allowances granted to a recipient without establishing a tax sheet were previously taxed at a special rate of 309%.

Shortly, this rate will be lowered to 103% if the allowance or the benefit is granted to a natural person and to 51.50% if the recipient is a legal entity.

The assessment will not only be cheaper but also applied less frequently. It suffices that the company granting the allowance or benefits communicates the recipient's name to the tax authorities. It has to do so within two years and six months as of 1 January of the year of assessment.