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
Belgian law amending the investment deduction and innovation income deduction regime published in the Official Gazette
On 29 May 2024, the law of 12 May 2024 containing various tax provisions was published in the Belgian Official Gazette. This law implements several changes to the regime of the investment deduction and the innovation income deduction (IID). Key features of the new legislation are summarized below. For more information, we refer to our
Investment deduction rates for tax year 2025 published
The percentages of the investment deduction for investments made during the taxable period linked to tax year 2025 until 31 December 2024 have been published. Please find below an overview of the percentages that apply for companies. One-off investment deduction Patents, environmentally friendly investments for research and development, energy-saving investments and smoke extraction or ventilation
Belgian draft law amending the investment deduction and innovation income deduction regime
On 29 February 2024, a draft law was submitted covering (amongst others) the investment deduction regime. The proposed changes to the investment deduction included in the preliminary draft law have largely been retained in the draft law submitted by the Belgian government to parliament (see also our newsflash of 14 November 2023). The following items
CSDDD Gets the Green Light from the EU Council with Reduced Scope
As sustainability takes center stage in global policy conversations, there has been an increasing change in how businesses approach their social, environmental, and governance responsibilities. With today’s vote in the Committee of Permanent Representatives of the Governments of Member States to the European Union (COREPER), the European Council has de facto given the green light
Net Zero Industrial Act and the Strategic Technologies for Europe Platform: Forging a Synergy for the European Industry of the Future
During last week’s trilogue negotiations, the EU Commission, the EU Parliament, and the EU Council reached a provisional agreement on the Net Zero Industrial Act (NZIA). This Regulation will form the backbone of the EU’s strategy to boost domestic green tech production, known as the Green Deal Industrial Plan. This initiative responds to the global
