The Luxembourg Reserved Alternative Investment Fund (RAIF) – Updated
Luxembourg RAIFs are increasingly used in order to provide debt funding for acquisitions. Until recently it was uncertain how interest paid by a Belgian company to a RAIF is to be treated from a Belgian withholding tax perspective. Two recent decisions of the Belgian Supreme Court provide more clarity. The RAIF Regime In 2016, Luxembourg
New provisions grant judicial police powers to Belgian tax inspectors to combat fraud
The law of 17 March 2022 regarding various fiscal provisions to combat fraud has recently been published and adopted. It includes new tax provisions that remove the existing legal obstacles for officials of the Belgian tax administration to participate in judicial investigations. This law provides for a new legal framework that allows designated tax authority officials to
Belgian Minister of Finance confirms intention to mandate B2B e-invoicing
In his policy note, the Belgian Minister of Finance, Mr Van Peteghem, confirmed the intention to gradually make electronic invoicing mandatory for businesses-to-business (B2B) transactions. The measure is aimed at reducing the Belgian VAT gap, which is the difference between the expected VAT revenues and the VAT revenues that are effectively collected. For the year
The 2022 Belgian budget round
On the 29th October, the council of ministers agreed on the draft program law outlining the 2022 Belgian budget measures. On 9 November at 16.00, PwC Belgium will organise a webinar where our experts will reflect on this set of measures and the impact this may have for businesses in Belgium. If you are interested,
Belgian government announces measures to transition Belgian economy post-covid
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
The European Court of Justice decides the Belgian excess profits regime constitutes an aid scheme and refers the case back to the General Court
In its decision of 16 September 2021 the European Court of Justice (‘ECJ’) overruled the judgement of the General Court of 14 February 2019. Different from the General Court, the ECJ concluded that the three conditions for an aid scheme to exist are met. The ECJ referred the case back to the General Court, which
Update of the Belgian EBITDA rule provides opportunities for infrastructure and energy sector
Recently the Belgian legislator published a Royal Decree containing some clarifications on the repair law of 20 December 2020 containing changes to the 30% EBITDA rule. As mentioned in our previous Newsflash of 6 January 2021, the Belgian legislator published on 20 December 2020 new legislation in order to address criticism of the European Commission
Tax Bites podcast – Revisiting PwC’s Tax webinar week
In pursuit of a new tax equilibrium In the week of 26 April PwC Belgium organised its Tax webinar week. Over five days, we discussed five hot topics in five one hour sessions. In this Tax Bites podcast Pieter Deré, Stefaan De Baets and Gilles Franssens review some of the tax challenges companies face, that
