Transformative Indirect Taxes Reforms to Boost Sustainability, Efficiency, and Transparency in Belgium
As part of the recent government agreement, the new Belgian government has introduced a series of proposed changes in indirect taxes aimed at supporting sustainability, enhancing transparency, and simplifying the tax system. Below are the key highlights designed to create a more efficient fiscal environment that aligns with climate objectives, reduces administrative burdens, and combats
EUDR update: What does the EU Parliament vote mean for companies?
Last week, the European Parliament adopted a motion that confirms the one-year delay in the Regulation’s application proposed by the European Commission and approved by the EU Council last month (1). However, the MEPs also passed a new amendment establishing a ‘no-risk’ country category. The fate of this amendment, along with the one-year delay, now
EU Launches Consultation Phase on CBAM Implementing Regulation for Authorized Declarants
The definitive phase of the Carbon Border Adjustment Mechanism (CBAM) begins in January 2026, and the European Commission has unveiled the draft Implementing Regulation outlining the criteria and procedures to obtain the status of an Authorized CBAM Declarant (1). Starting from January 2026, all operators importing goods under the CBAM scope — such as cement,
EUDR: EU Council Agrees to Extend Application Timeline
On 16 October 2024, the Council of the European Union agreed to extend the application timeline for the EU Deforestation Regulation (EUDR). This decision follows the European Commission’s proposal on 2 October 2024, to delay the entry into application of the EUDR by 12 months. The extension aims to provide additional time for companies and
