The European Court of Justice decides the Belgian excess profits regime constitutes an aid scheme and refers the case back to the General Court
In its decision of 16 September 2021 the European Court of Justice (‘ECJ’) overruled the judgement of the General Court of 14 February 2019. Different from the General Court, the ECJ concluded that the three conditions for an aid scheme to exist are met. The ECJ referred the case back to the General Court, which
Tax Bites Podcast: The Fit for 55 package: (R)evolution in Green Taxation!
The increased importance of green taxation cannot be overstated. On 14 July, the European Commission published its ambitious Fit for 55 package. This package fits into the broader initiative of reforming the EU tax landscape, announced by the Commission in May of this year. Join our podcast for an overview of the most relevant tax
Tax Bites Podcast: Global minimum taxation – US vs. EU what to expect?
Global minimum taxation has been front page news since an agreement was reached by the G7 recently. It sounds simple as a concept, but different views and approaches around the world make it far from easy to navigate. In this podcast we’ll discuss the expectations of a global minimum tax in the EU and the
Submitting data in XML: our capabilities for your challenges, coming up: the XML for applying the exemption for social passive?
The fee forms 281.50 related to commissions, fees, trade discounts, allowances or fringe benefits, … had to be filed last week. We have been helping clients with the automation of this process and the submission of more than 45.000 fee forms 281.50 in XML. The preparation and submission of fee forms 281.50 in XML is
Important update on payments to tax havens for assessment year 2021
Companies making direct or indirect payments to recipients established in so-called tax havens are required to report these payments where they in total exceed EUR 100,000 during the taxable period. A tax haven is defined as a country that does not effectively or substantially apply the standard on exchange of information on request (so-called OECD
Country-by-country reporting goes public!
On 1 June 2021, representatives of the European Parliament and the Council under EU Portuguese Presidency negotiated a Draft Directive on public country-by-country reporting (‘Public CbCR’) for big multinational groups. They provisionally reached a compromise agreement. Once this political agreement is endorsed, it requires European or non-European multinational groups or standalone undertakings to publicly disclose
From YOUR ERP to FEE FORMS 281.50 in one click?
Fee forms 281.50 require to be filed on or before 29 June of the year following the calendar year during which charges and/or attributions relating to commissions, fees, trade discounts, allowances or fringe benefits, … were made. If the above-mentioned charges and/or attributions are not properly reported on these forms in due time, the taxpayer
Filing your Belgian corporate income tax return and local form – due date information
How to ensure timely filing ? Belgian companies (and non-resident companies with a Belgian establishment) have the yearly obligation to file a Belgian (non-resident) corporate income tax return within the statutory deadline. As of this year, the general principle states that regardless of the date of the general meeting, a financial year that ended per
