News articles written by Evi Geerts

Belgian government agrees on federal budget: an overview of what you should know

12 October 2022

After intense negotiations, the Belgian government reached an agreement on the Belgian federal budget. Addressing the ongoing energy crisis, limiting the budgetary deficit and stimulating employment are some of the key topics that have shaped the agreement.  It also contains several important tax measures an overview below:    Temporary Belgian minimum tax: as a result of

EU Green Deal update – Agreement by the European Parliament on the key Fit for 55 proposals and common position on the Corporate Sustainability Reporting Directive

27 June 2022

On Wednesday, June 22, the European Parliament adopted some key elements of the Fit for 55 Package, namely the EU Emission Trading System (ETS), the Carbon Border Adjustment Mechanism (CBAM) and the Social Climate Fund. One day before, the European Parliament and the Council also reached a provisional agreement on the Corporate Sustainability Reporting Directive. 

The EU is accelerating the green transition: REPowerEU and ETS/CBAM update

25 May 2022

Last week was an important week for the EU’s Green Deal ambitions. On Tuesday 17 May the European Parliament ENVI Committee adopted updated proposals on CBAM and the ETS reform. And the following day the European Commission presented its REPowerEU plan. What is the REPowerEU Plan and why should you care? The aim of the

Council moves a step further in the adoption of a Carbon Border Adjustment Mechanism

17 March 2022

On 15/03/2022 the Council of the EU reached an agreement on the Carbon Border Adjustment Mechanism (CBAM). The European ministers were able to find a common position on a general approach. This is an important step towards the implementation of the ambitious CBAM regulation.  What is CBAM? CBAM is a mechanism that will target imports

December 20 OECD/G20 Pillar 2 GloBE Model rules

20 December 2021

A ten minutes tour of: The introduction of a global minimum taxation of 15% Some salient new points, such as inclusion of deferred taxes to calculate jurisdictional ETR The importance of modeling to understand the impact The ambitious timeline for implementation  Earlier today, the OECD published the long awaited Global Anti-Base Erosion Model Rules (Pillar

Belgian government announces measures to transition Belgian economy post-covid

13 October 2021

Yesterday, the Belgian Government reached an agreement on the Belgian budget. The budget agreement combines a number of measures to transition the Belgian economy after Covid in an environmentally balanced manner. Some points will need further agreement with the social partners, and some measures are taken explicitly in view of the recent surge of energy

OECD Secretariat seeks input on global minimum tax design

14 November 2019

On 8 November, the Organisation for Economic Co-operation and Development (OECD) Secretariat published a Public consultation document: the Global Anti-Base Erosion Proposal (‘GloBE’) (Pillar II) which seeks stakeholders’ views on the introduction of common global minimum tax rules across the more than 130 countries participating in the OECD Inclusive Framework. Such rules would operate through top-up taxes

Belgian Ratification of the MLI: Ratification document deposited at OECD on 26 June 2019

27 June 2019

On 6 June 2019, the legislative documents implementing the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (also known as the MLI) were finally approved by all six legislative authorities in Belgium. The Belgian law ratified the full application of the MLI and its Explanatory Note, the reservations and notifications made by