Belgian government agrees on federal budget: an overview of what you should know
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
Belgian Council of Ministers approves draft legislation implementing DAC 7 into Belgium law
On Friday 23 September 2022, the Council of Ministers approved preliminary draft legislation introducing new provisions and technical amendments for administrative cooperation between European member states in the field of taxation. The aim of the proposal is to implement EU Directive 2021/514 on administrative cooperation in the field of taxation, better known as “DAC 7”,
Tax Bites Podcast: Tax opportunities in ERP transformations
In this episode of the Tax Bites podcast series, our global tax ERP leader and other tax technology experts talk about the latest major trends in the global tax ERP landscape. Get insights into the ever-changing tax obligations and the impact on data needs. Learn about how these new obligations – like Pillar 2 taxation
Tax Bites Podcast: Digesting the Pillar 1 progress report
On 11 July 2022, the OECD released a progress report on Pillar 1. In this episode, we go through the key takeaways from this report for businesses. Towards the end of the episode, we also covered a brief update on the latest status of Pillar 2. About the speakers: Jean-Philippe Van West Stefaan De Baets
Tax Bites Podcast: One year after the publication of the Fit For 55 Package – Where do we stand?
One year after the publication of the Fit For 55 Package – Where do we stand? On 14 July 2021 the European Commission published its ambitious Fit For 55 Package. Tune in if you want to know where we stand today regarding the tax measures included in the Fit For 55 Package and how the
Tax Bites podcast: EU commission proposal to tackle the debt-equity bias in taxation (DEBRA)
In this week’s podcast, our speakers discuss the content of the proposal and assess which businesses will be impacted. They’ll explain the allowance on equity and interest limitation, linking this to other pending EU proposals. About the speakers: David Ledure, PwC Belgium Partner and leader of the global PwC Financial Transactions network Jean-Philippe Van West,
Tax Bites Podcast: Pillar Two model rules
Commentary to the OECD Pillar 2 Model Rules and recent Ecofin meeting On 14 March the OECD released the long-awaited Commentary to the OECD Pillar 2 Model Rules. One day later a revised version of the EU draft directive seeking to implement Pillar 2 into the EU was discussed at the ECOFIN meeting. In this
Belgian Tax authorities publish FAQs on reporting obligations for digital platform operators
The Belgian Tax Authorities recently published Frequently Asked Questions (“FAQs”) clarifying the reporting obligations for digital platform operators. A key takeaway is the upcoming due date for the first filings and their format. There are two important deadlines. First, by the end of February, in scope digital platform operators must inform service providers active on
