Circular letter on the Belgian CFC rules (Circular Letter 2024/C/82 December 13, 2024)
On 13 December 2024, the Belgian tax authorities issued a circular letter (Circular Letter 2024/C/82 December 13, 2024) regarding the new Belgian Controlled Foreign Corporation (CFC) regulations and a circular letter (Circular Letter 2024/C/83 December 13, 2024) regarding changes from a tax procedural perspective. Almost one year ago, the program law of 22 December 2023
Tax Bites Podcast – Draft DAC9 Directive seeking to facilitate Pillar 2 compliance in the EU: What’s in it?
On October 28 the European Commission published a new Draft Directive, DAC 9, which seeks to harmonise the filing of the Pillar 2 Information Return within the EU. Tune in if you want to know what’s in the proposed Directive and what the attention points for business are. About the speakers Jean-Philippe Van West Maxim
Government Agreements – What is on the Table in the Flemish and Walloon Regions?
The Flemish and Walloon regional governments have already reached their respective agreement. Some of the measures will introduce significant changes to the regional taxation landscape. However, these measures have not yet been voted and still need to follow the legislative process at the regional level. Both Regions will reduce their inheritance and gift taxes (following
Draft Belgian Qualified Domestic Minimum Top-up Tax Return published
On Friday 18 October 2024, the Belgian tax authorities published the first version of the draft Belgian (Qualified) Domestic Minimum Top-up Tax return (also referred to as QDMTT return or QDMTT form) to be submitted by Belgian entities subject to the Belgian law introducing a global minimum tax (or Pillar 2). What is Pillar 2?
How key interest rate cuts and stabilising inflation might impact your transfer pricing policy
The past few years the financial markets have been characterised by a significant increase in interest rates battling the surge in inflation throughout the world. Since the arm’s length principle requires intercompany transactions to appropriately reflect current market conditions, these exogenous elements have led companies to update their financing policies and more specifically their transfer
Partial wage withholding tax exemption for shift work: Royal Decree introduced to solve opaque application by temporary employment agencies
To ensure a level-playing field, companies recognized for temporary employment were already equated with companies where shift work is carried out with respect to the withholding tax exemption for night and shift work. To apply the exemption, in addition to the basic conditions, they require prior consent from the client-user that employs the temporary workers.
Pillar 2 Advance Tax Payments Are Live!
As announced by the Belgian tax authorities today, starting September 2, 2024, MNO groups and large domestic groups can initiate their advance payments for top-up taxes under Pillar 2, provided they have obtained their Pillar 2 group number following the mandatory notification (P2-CBE-NOT form; click here for more details). The advance payments for the minimum
Super Nota of Bart De Wever – What was on the table?
In Bart De Wever’s “Super Nota,” the proposed tax reform introduces substantial changes to the existing tax system. This article summarises the tax measures that were under consideration and might be used as a starting point when negotiations start again. As political discussions are not final, the information presented here may be subject to change
