Possible important amendments to the stock option legislation and the introduction of a specific tax regime for free shares
A government proposal regarding new legislation with respect to stock options and stock plans was announced in the Belgian press last week. Below you can find a short overview of the proposed changes with some initial high-level reflections. It is however important to note that no texts are currently available and that it is currently
Is your company ready for the digitalization of the Belgian (tax) authorities?
The world is becoming more and more digital and also the Belgian (tax) authorities are catching up in this field. MyMinfin, e-Box, MyTax, WSE loket are only some of the digital applications currently being launched by the (tax) authorities in Belgium. Not only communications and documents are being digitized, also certain filings can no longer
PwC’s Tax Bites podcast: OECD issues Administrative Guidance on Pillar 2
In this episode, we discuss our first impressions of the 111-page Administrative Guidance on Pillar 2 published by the OECD on Thursday, 2 February 2023. A wide range of issues related to the GloBE Rules and Commentary were addressed in the guidance, and our experts also welcomed the additional clarification and examples, including those on
OECD issues Administrative Guidance on Global Anti-Base Erosion Model Rules (Pillar 2)
On 2 February 2023, the OECD released the long-awaited Administrative Guidance on the Pillar 2 Model Rules. The GloBE Rules and Commentary consist of a coordinated system of rules designed to ensure that large MNE Groups are subject to a minimum effective tax rate of 15%. This set of rules are also to be implemented
Flemish and European implications of the climate and energy crisis: government support for green industrial investments
Industrial green deal It is commonly known that green investments are on the rise, both in Flanders but also in Europe as a whole. With the expected policy changes at EU-level, these investments might receive an additional boost in the years to come. However, these investments are no easy task for European companies in the
Tax Bites Podcast: Incentives
On the foot of Russia’s invasion of Ukraine, the European energy landscape is facing unprecedented challenges. The response, on the part of the European Union and its member states, is to accelerate the energy transition. Although decarbonisation of our energy systems was always on the agenda in recent years, the current crisis accentuates the need
Benefit in kind – Private use of a company car: updated formula for 2023
The Royal Decree implementing the new reference CO2 emission for calculating the taxable benefit in kind for the private use of a company car in the hands of company directors and employees has been published in the Official Gazette on 16 December 2022. For income year 2023, the following CO2 emission will be applied to
Formal adoption of the EU Directive on ensuring a global minimum level of taxation
What has happened? The EU Member States have reached an agreement to implement Pillar 2 to ensure a global minimum taxation for large groups. Political support is confirmed now that Pillar 2 has been enshrined legislatively in an EU Directive which was adopted unanimously by all EU Member States. The Directive should be implemented into
