War for Business – Challenges for Europe on the incentives playing field
As boldly stated by the president of the European Commission – Ursula von der Leyen, the European Union should undertake more concrete actions to counter the massive subsidy packages currently being offered by the Chinese government to companies in the clean-tech sector and beyond. In addition, the US has also recently implemented a new bill
The EU is preparing for an overhaul of the EU’s energy market: Flemish and EU incentives can help companies thrive in this new energy landscape
Europe is currently facing a double energy crisis. On the one hand, the geopolitical tensions with Russia have substantially reduced the supply of natural gas, putting into jeopardy the block’s ability to meet its energy demand. On the other hand, climate change and the need for a more sustainable energy future has become a pressing
PwC’s Workforce Podcast – Rethinking Total Reward to deliver Total Wellness
The business environment is increasingly turbulent, with inflation rising, and continued shortages in many areas – including top talent. Organisations must focus on containing costs, but also seek to maximise performance, and attract and retain key talent. Competitive reward packages are vital for finding and keeping the pivotal talent that organisations need. However, there is
New legal framework for excise and general arrangements – Council Directive 2020/262
A new legal framework for excise and general arrangements has been introduced by the Council Directive 2020/262, repealing the previous Directive 2008/118/EEC, which will be in effect as of the 13th of February 2023 with transitional provisions applicable until end 2023. What is new? Introduction of duty paid licenses Two new excise operator roles will
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
