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
Draft law implementing the zero-emission company car as the new standard
As indicated in our newsflashes of 21 April 2021 and of 18 May 2021, it was agreed in the government declaration to adapt the tax and social legislation around mobility to stimulate the green agenda. On 14 September the draft law specifying the fiscal and social treatment of company cars was submitted to The Chamber.
The reconstitution reserve allows to exempt profits from corporate tax
The so-called reconstitution reserve is part of the additional economic, tax and financial measures to soften the economic consequences of the COVID-19 pandemic and supports companies to restore their equity level and safeguard sufficient cash flow and solvability in the years to come. Covid-loss, future profits, how does it work in practice? The reconstitution reserve
Tax Bites Podcast: The Fit for 55 package: (R)evolution in Green Taxation!
The increased importance of green taxation cannot be overstated. On 14 July, the European Commission published its ambitious Fit for 55 package. This package fits into the broader initiative of reforming the EU tax landscape, announced by the Commission in May of this year. Join our podcast for an overview of the most relevant tax
Tax Bites Podcast: Global minimum taxation – US vs. EU what to expect?
Global minimum taxation has been front page news since an agreement was reached by the G7 recently. It sounds simple as a concept, but different views and approaches around the world make it far from easy to navigate. In this podcast we’ll discuss the expectations of a global minimum tax in the EU and the
Tax Bites Podcast – What does a future-proof tax reporting function look like?
What does a future-proof tax reporting function look like? There are many things to consider for the tax reporting process and all deliverables linked to it. With automation on everyone’s lips, what trends do we see and how are companies dealing with increasing complexities when operating at international level? What tools are out there
Submitting data in XML: our capabilities for your challenges, coming up: the XML for applying the exemption for social passive?
The fee forms 281.50 related to commissions, fees, trade discounts, allowances or fringe benefits, … had to be filed last week. We have been helping clients with the automation of this process and the submission of more than 45.000 fee forms 281.50 in XML. The preparation and submission of fee forms 281.50 in XML is
OECD Inclusive Framework agrees on two-pillar Approach for International Tax Framework
On 1 July 2021, the Inclusive Framework (IF) announced an agreement backed by 130 (out of 139) members of the Inclusive Framework on the two-pillar approach. This approach redesigns the international tax framework. Here’s a summary of the main points of the agreement: Pillar one Pillar One is intended to re-allocate the taxing rights of
