Belgium and The Netherlands agree on employees working from their home location
On November 23, 2023, the Competent Authorities (CA) of Belgium and The Netherlands signed an agreement* clarifying when a permanent establishment (PE) exists for the employer in the other country if employees are working from their home location in that other country. This agreement provides welcome additional guidance on the cases in which an employee
Draft law on public country-by-country reporting in parliament
Introduction In our previous newsflash regarding the public country-by-country reporting (PCbCR) directive, we informed you that EU member states must introduce the directive in their domestic legislation by 22 June 2023 at the latest. Belgian PCbCR draft law On 10 November 2023, the Belgian draft law was finally published. As per the draft text, companies
Significant changes expected to the Belgian investment deduction regime
As previously announced (see also our newsflash of 10 October 2023), the Belgian Federal Government reached an agreement on the federal budget in the first half of October 2023. One of the important tax measures resulting from this budget agreement relates to specific changes to the Belgian investment deduction regime, a measure to support the
Tax Bites Podcast – Future-proofing your statutory reporting function (Part 4)
Future-proofing your statutory reporting function: downstream impact on tax technology including Pillar 2 In this episode of our mini-series, the discussion delves into the concept of tax ledgers within ERP systems. Hosted by Pieter Deré, experts Jorgen Broothaers, Oualid Madrane, and Bert Vergote explore the reasons for considering tax ledgers, their benefits, and their relevance in
A Milestone for EU’s Energy Transition: The Revised Renewable Energy Directive (RED III) Published in the EU OJ
Last week marked a milestone moment for the EU advancing its climate change agenda, as the revised Renewable Energy Directive, known as RED III, was formally published in the EU’s Official Journal (1). The Directive is part of the Fit for 55 package of legislative proposals, of the EU policy strategy to reduce net greenhouse
Belgian government agrees on federal budget: what is the impact?
On 9 October, the Belgian Federal government reached an agreement on the federal budget. The current budget round was an important one, as the economic climate is deteriorating and this has an impact on the budget of the government. This budget needed to find additional funds. The total effort is 1.7 bln EUR, of which
Federal Mobility Budget : What changes do you need to make to your budgets by next year?
Introduction The mobility week has also set our government in motion, as a Royal Decree was published last week, on 29 September 2023, in an attempt to provide clarification and simplification in the framework of the Federal Mobility Budget The Decree not only amends the way the budget is tracked towards the employee, but also
The General Court considers the Belgian Excess Profits Ruling to be unlawful State Aid
On 20 September 2023, the General Court of the European Union (GCEU) ruled for the second time in the case of the Belgian Excess Profits Ruling (Belgian EPR) (Judgement of the General Court, 20 September 2023, in case T-131/16 RENV). Contrary to its first decision in 2019 on EPR as a “scheme”, it now confirmed
