Are you ready for the next compliance deadlines?
Keeping track of all Belgian compliance obligations can be a challenge. For this reason, we are glad to share a compliance timeline. It is a little guide to help you keep track of the most important deadlines upcoming in 2022. This timeline includes the main due dates for legal and tax compliance obligations of a standard
Tax Bites Podcast: Pillar Two model rules
Commentary to the OECD Pillar 2 Model Rules and recent Ecofin meeting On 14 March the OECD released the long-awaited Commentary to the OECD Pillar 2 Model Rules. One day later a revised version of the EU draft directive seeking to implement Pillar 2 into the EU was discussed at the ECOFIN meeting. In this
Fee Forms 281.50: Reduction of the administrative burden
French article: Fiches fiscales 281.50 : Réduction de la charge administrative Dutch article: Fiches 281.50: verlichting van de administratieve lasten On 28 January 2022 the law on various tax provisions of 21 January 2022 was published in the Belgian Official Gazette. One of these provisions changed the regulations on the fee forms 281.50 with
Tax Bites Podcast: Proposed implementation of the minimum tax in the EU and the unshell proposal
On 22 December, the European Commission issued 2 proposals. One proposal deals with the introduction of the global minimum tax in the EU by 2023. The EU proposal deviates from the OECD proposal on a number of topics. Find out how the proposal will look like in this Tax Bites episode with Jean-Philippe van West and
Tax Bites Podcast: The Global Minimum tax for MNE’s
On 20 December, the OECD published its proposal for a global minimum tax. All MNCs in scope of the minimum tax will be subject to a taxation of at least 15% in each country where they are active. In this podcast, the publication of the OECD is discussed and the reflections on the impact of
Public Country-by-Country Reporting Directive enters into force soon
With our newsflash of 16 November 2021, we informed you of the formal approval of the public country-by-country reporting (PCbCR) directive on 11 November 2021. The directive is published in the Official Journal of the EU on 1 December 2021; it enters into force on the 20th day after its publication. Member states must introduce
Public Country-by-Country Reporting adopted
Introduction On 11 November 2021, the European Parliament adopted the Directive on public country-by-country reporting (PCbCR). The adoption of this directive concludes the procedure (see earlier newsflash) on the introduction of specific European transparency rules and requires certain European or non-European multinational groups or standalone undertakings to publicly disclose certain financial data. Content of the
Belgian Minister of Finance confirms intention to mandate B2B e-invoicing
In his policy note, the Belgian Minister of Finance, Mr Van Peteghem, confirmed the intention to gradually make electronic invoicing mandatory for businesses-to-business (B2B) transactions. The measure is aimed at reducing the Belgian VAT gap, which is the difference between the expected VAT revenues and the VAT revenues that are effectively collected. For the year
