ECOFIN approves VAT in the Digital Age package
On 5 November 2024, the EU Finance Ministers at ECOFIN approved the latest version of the VAT in the Digital Age (ViDA) package released on 30 October 2024. This is positive news given that Estonia had earlier raised concerns in relation to the platform rules, a matter which was the subject of compromise discussions throughout
Tax Bites Podcast – Belgian QDMTT return: how does it look?
Belgium published its QDMTT tax return and asks feedback to stakeholders. Are you interested to learn how Belgium looks at the QDMTT return? Tune in and get an update! About the speakers Koen De Grave Maxim Allart Pieter Deré (Host) Listen now Missed the previous episode(s)?: You can listen to the full episodes via Spotify, Google and Apple Podcasts.
How key interest rate cuts and stabilising inflation might impact your transfer pricing policy
The past few years the financial markets have been characterised by a significant increase in interest rates battling the surge in inflation throughout the world. Since the arm’s length principle requires intercompany transactions to appropriately reflect current market conditions, these exogenous elements have led companies to update their financing policies and more specifically their transfer
Tax Bites Podcast – The Belgian government negotiations: what’s on the table?
The Belgian government negotiations are ongoing as we speak: what is in the ‘Nota De Wever’? Get a comprehensive overview from our experts in the latest edition of the tax bites podcast. Our experts reflect on how this can impact groups with Belgian activities. About the speakers Bart Van den Bussche Tim Van Sant Pieter
VAT in the Digital Age (ViDA): no EU approval yet
What happened? On 14 May 2024, after extensive consultation and negotiation, the EU Finance Ministers at ECOFIN debated the revised VAT in the Digital Age (ViDA) package released by the European Commission (EC) on 8 May 2024. During the ECOFIN debate, one Member State raised a concern in relation to the platform rules and this
External financing is increasingly more difficult to obtain. How does it impact transfer pricing policies?
According to the latest update of the quarterly bank lending survey of the European Central Bank (“ECB”), the loan application rejection rate within the Eurosystem continued to increase during the first quarter of 2024, albeit at a slower rate than the previous quarter. In addition, Euro area banks reported a small further net tightening of
Arm’s length character of interest rates on intercompany loans
In recent years, the Belgian Tax Authorities (BTA) have intensified their focus on the (intercompany) financing arrangements of MNE groups. Some recent Belgian case laws offer valuable insights into the approach that the BTA and the Courts adopt when assessing the arm’s length character of intercompany financing conditions. Stay informed and adapt strategically! Judgment of
Tax Bites Podcast – New Administrative Guidance on Pillar 2 and new timeline Pillar 1 – Amount A
A first critical look at the items addressed by the Administrative Guidance! In this episode, we share our first impressions of the Administrative Guidance on Pillar 2 published by the OECD on Monday 18 December 2023. A wide range of issues related to transitional safe harbours, the GloBE Rules and the Commentary are addressed in
