Are you ready for the next compliance deadlines?
The focus on compliance from different stakeholders has become even more important lately. Meeting deadlines and avoiding penalties is the general expectation but a true challenge for many companies. Therefore, we are glad to share a compliance timeline again. It is a little roadmap to help you keep track of the most important deadlines upcoming
European Commission temporarily relaxes State Aid measures in support of the Green Deal Industrial Plan
The European Commission has approved new measures via the Temporary Crisis and Transition Framework (TCTF) in support of the transition towards a net-zero economy. The Commission’s goal is to speed up investment and financing for clean tech production within the Union which, in turn, supports the European Green Deal as well as delivering on specific
Consider your anticipated cashflow and the opportunity of an early advance tax payment
Unless a company pays its Belgian corporate income taxes due by means of timely advance tax payments during the financial year concerned, a surcharge is due on the final amount of Belgian corporate income tax due upon assessment. If advance tax payments are made, credits – which can be offset against the surcharge – are
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
Exposure Draft proposes disclosure requirements for Pillar 2
In December 2022, the EU Directive on Pillar 2 was published, the OECD public consultation document on the GloBE Information Return was issued and in January 2023, an Exposure Draft was published by the IASB. As a result, the timeframe in which companies subject to Pillar 2 will need to take action has been accelerated
Tax Bites Podcast: Incentives
On the foot of Russia’s invasion of Ukraine, the European energy landscape is facing unprecedented challenges. The response, on the part of the European Union and its member states, is to accelerate the energy transition. Although decarbonisation of our energy systems was always on the agenda in recent years, the current crisis accentuates the need
Tax Bites Podcast: Discussion draft on Pillar One – Amount B published
On Thursday, 8 December 2022, the OECD/G20 Inclusive Framework published another discussion draft in the two-pillar solution to address the tax challenges arising from the digitalisation of the economy. The document outlines the main design elements of Amount B, a part of the two-pillar approach that until now was relatively undefined. During this episode of
