Upcoming compliance due dates, be mindful of possible tax audit consequences
Belgian companies having a 31 December year-end should deposit their statutory BEGAAP financial statements with the National Bank of Belgium (“NBB”) at the latest by 31 July 2025. Late filing results in a number of negative consequences from a financial, director’s liability and corporate income tax perspective (see below). If the company’s statutory financial statements
The EU published the DAC9 amendments to the Directive on Administrative Cooperation in the context of Pillar 2
On 6 May 2025, the amendments to the European Directive on Administrative Cooperation (‘DAC 9’) were published in the Official Journal of the EU, following its adoption by the European Council on 14 April 2025. What is DAC9? The amendments contained in DAC9 allow the simplification of reporting for large groups with respect to Pillar
New version of the draft Belgian QDMTT return released
On 10 April 2025, the Belgian tax authorities published a new version of the draft Belgian Qualified Domestic Minimum Top-up Tax return (also referred to as QDMTT return) to be submitted by Belgian entities subject to the Belgian law introducing a global minimum tax (or Pillar 2). This new version is an update of the
DAC 9 – The EU Council agrees to enhance cooperation and information exchange on minimum effective corporate taxation
On Tuesday 11 March 2025 the EU Council reached a political agreement on the Directive on Administrative Cooperation in the field of taxation, also referred to as DAC9. What is DAC9? DAC9 updates the existing EU’s Directive on Administrative Cooperation (DAC) by expanding tax transparency rules. In particular, the update aims to simplify reporting for
Advance tax payments: Reduced surcharge announced
As a result of decreasing ECB interest rates, the surcharge for making no or insufficient advance tax payments has been fixed at 6.75% for the assessment year 2026, i.e. for financial years closing as per 31 December 2025 or in 2026 if the financial year closes prior to 31 December. As you might recall, this
Stay ahead in 2025 – Compliance timeline
With regulatory expectations growing stronger, ensuring timely compliance has never been more crucial. Companies are increasingly under pressure to meet deadlines and avoid costly penalties, a challenge that continues to affect many businesses. To help you stay on top of the deadlines, we’re pleased to provide a (non exhaustive) compliance timeline for 2025. Designed to
Investment Deduction: Royal Decree lists published. Consider applying this incentive!
In order to encourage investments in the green transition, the Belgian Government has revamped the existing investment deduction system, effective for investments made as from 1 January 2025 (see also our newsflash of 31 May 2024 and 2 April 2024). As a recap, the new regime is organised around three ‘tracks’: The general investment deduction
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,
