Update regarding the Energy-Saving Investment Deduction: Attention for all companies claiming the Energy-Saving Investment Deduction with respect to investments made in the Flemish region: due date postponed
Companies investing in fixed assets used for more rational energy consumption, improving industrial processes for energy reasons and for energy recovery in industry, may qualify for a tax benefit through the Energy-Saving Investment Deduction. In order to claim the Energy-Saving Investment Deduction, a certificate should be obtained from the competent Administration of the Region where
The EU proposes sharper Carbon Border Rules: EC proposes key amendments ahead of the 2026 definitive CBAM phase
The European Commission (EC) has published a legislative proposal to amend the EU Carbon Border Adjustment Mechanism (CBAM) Regulation. The proposed amendments include simplifications for importers of small quantities and more strict enforcement measures. The EC main adjustments to fine tune the CBAM for the financial phase While the EC has reaffirmed its commitment to
Upcoming due date for submitting investment deduction applications for certificates: 31 March 2025
As the year progresses, it is important to remain vigilant about upcoming deadlines in relation to the Belgian investment deduction (tax credit) regime, specifically the deadline for submitting the application form to obtain a certificate is approaching. Please find below an overview of the submission deadlines for the R&D investment deduction (tax credit) and energy-saving investment
Federal government agreement – Main considerations from a tax incentive perspective
The new Belgian Federal Government Agreement for 2025-2029 introduces a number of reforms aimed at creating a resilient, innovative and sustainable economy capable of competing on the global stage while simultaneously investing in a sustainable future. In order to achieve this objective, the government will take measures aimed at stimulating innovation, circularity and reducing costs
EUDR update: What does the EU Parliament vote mean for companies?
Last week, the European Parliament adopted a motion that confirms the one-year delay in the Regulation’s application proposed by the European Commission and approved by the EU Council last month (1). However, the MEPs also passed a new amendment establishing a ‘no-risk’ country category. The fate of this amendment, along with the one-year delay, now
EU Launches Consultation Phase on CBAM Implementing Regulation for Authorized Declarants
The definitive phase of the Carbon Border Adjustment Mechanism (CBAM) begins in January 2026, and the European Commission has unveiled the draft Implementing Regulation outlining the criteria and procedures to obtain the status of an Authorized CBAM Declarant (1). Starting from January 2026, all operators importing goods under the CBAM scope — such as cement,
EUDR: EU Council Agrees to Extend Application Timeline
On 16 October 2024, the Council of the European Union agreed to extend the application timeline for the EU Deforestation Regulation (EUDR). This decision follows the European Commission’s proposal on 2 October 2024, to delay the entry into application of the EUDR by 12 months. The extension aims to provide additional time for companies and
EU ETS 2: Deadline Looms for Belgian and EU Fuel Traders
One year ago, the European Union adopted a revision of the EU Emission Trading System (EU ETS) to extend its scope to new sectors and cover a larger portion of the EU’s total greenhouse gas emissions. Among other things, this reform introduced the EU ETS 2, a “cap and trade” system similar to the existing
