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Legal obligations

From Wikimedia Belgium
(Redirected from Belgian law)
België - Belgique - Belgien - Belgium
België - Belgique - Belgien - Belgium
Logo Wikimedia Belgium
Logo Wikimedia Belgium

Any (non-profit) organisation in Belgium has a long list of legal obligations.[1]

Failing to be compliant has financial and legal consequences. Strict timing is necessary.

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Finances

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Administration

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Tax declarations:

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  • Perform a yearly inheritance declaration (Q1)
  • Perform a yearly tax declaration (Q2)
  • Pay taxes, as required (local, regional, federal)
  • Produce tax certificates for gifts (possibly via other non-profit organisations) (Q2)
  • Request and maintain the VAT register, if required (quarterly):
    • VAT declaration, if required
    • foreign VAT transactions declaration, if required

Organisation

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Contractual obligations to the Foundation

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  • Budget request (Q4)
  • Receive and manage the grants (December-January-June-July)
  • Perform the (half)yearly reporting to the Foundation (July)
  • End of year grant reporting (January)
  • Pay back any remaining budget for the previous year

See also

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References

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  1. VSDC Review 189, Jan-Feb 2020, p. 4 - Jaarlijkse verplichtingen