Net Zero Industrial Act and the Strategic Technologies for Europe Platform: Forging a Synergy for the European Industry of the Future
During last week’s trilogue negotiations, the EU Commission, the EU Parliament, and the EU Council reached a provisional agreement on the Net Zero Industrial Act (NZIA). This Regulation will form the backbone of the EU’s strategy to boost domestic green tech production, known as the Green Deal Industrial Plan. This initiative responds to the global
Wage withholding tax exemption – Constitutional court has introduced a strict interpretation of the application requirements for the wage withholding tax exemption for shift work
Executive Summary In a request for preliminary ruling, the Belgian Constitutional Court was asked to rule on the discriminatory character (or not) of one of the conditions to apply the withholding tax exemption for night and shift work. Said condition requires that the shifts perform the same work in terms of content and magnitude of
Navigating the evolving “De Minimis Regulation”: recent changes and future expectations
In the dynamic landscape of state aid, the De Minimis regulation has been put in place to ensure a fair competition between enterprises across the European Union. However, significant updates to the regulation have recently been made. Looking at the future, such changes promise to reshape how companies navigate this important aspect of state aid.
Energy Transition: The Regulatory Pulse of Belgium’s Hydrogen Strategy
As the global focus shifts towards clean energy, hydrogen has gained an increased attention and emerges as a frontrunner in the race to decarbonize the EU economy. Acting as a versatile energy carrier, hydrogen has the potential to accelerate energy transformation in various sectors including transport, and energy storage. Most importantly, hydrogen combustion does
A Milestone for EU’s Energy Transition: The Revised Renewable Energy Directive (RED III) Published in the EU OJ
Last week marked a milestone moment for the EU advancing its climate change agenda, as the revised Renewable Energy Directive, known as RED III, was formally published in the EU’s Official Journal (1). The Directive is part of the Fit for 55 package of legislative proposals, of the EU policy strategy to reduce net greenhouse
CrossRoads 2023-2029: Encouraging cross-border collaborations
CrossRoads supports and stimulates cross-border collaborations around promising innovations across the Flemish-Dutch border, which contribute to the realisation of social transition priorities: sustainable entrepreneurship, sustainable energy, industry 4.0, and health. Collaborative Innovation at its best CrossRoads is part of the European Interreg Flanders-Netherlands programme. This programme is dedicated to fostering sustainable cross-border collaboration between small
Incentives newsletter – October 2023
As we close the summer season, the PwC Incentives Hub has been diligently monitoring the incentives landscape. We offer you following insightful overview of incentive topics that may be relevant for your company. Water4all In the last few years, Europe has been experiencing the consequences of climate change, including extreme weather conditions such
A revamping of the investment support mechanism in Wallonia
To enhance clarity and amplify the leverage effects of incentives, Minister of economy in Wallonia, Willy Borsus, has taken substantial steps towards revamping the investment support mechanism by developing a points-based quality assessment system. From March 2024 onwards, this mechanism will be implemented to assess whether an investment project is eligible for the investment aid.
