Hungary lifts veto on Pillar 2 – Council reaches unanimity
Last night the EU Council reached an agreement to implement Pillar 2 (press release) after Hungary dropped its veto on the matter. The next step is to start the written procedure and to publish the Pillar 2 Directive in the Official Journal of the EU. The envisaged timeline to implement Pillar 2 into domestic
Tax Bites Podcast: Tax certainty in an uncertain world
The recent developments in the tax arena may raise some areas of concern. In this podcast the speakers address some of the recent trends discussed with professor dr. Vikram Chand of the university of Lausanne. About the speakers: Isabel Verlinden Vikram Chand Stefaan De Baets Listen now Missed the previous episodes? You can listen again
Draft program law on corporate income tax budget measures tabled in the Chamber
In October, the Belgian Government reached an agreement on the federal budget. The draft program law including these measures has just been tabled in the Chamber of Representatives. From a corporate income tax perspective, the relevant provisions of the draft law are: Minimum tax A temporary reinforced minimum tax would be applicable until the law
Tax Bites Podcast: Looking ahead at tax policy in uncertain times
Patrick Boone and Matthias Reyntjens look ahead to what the next months will bring in terms of economic developments, and what this means for tax policy. They consider how national governments will respond, how businesses can prepare, and the likely impact on taxation. This podcast is the first of a series of podcasts dealing with
The EU Energy Crisis Package moves a step closer to full ratification
On 30 September, the EU energy ministers agreed on a first package of emergency intervention measures to address skyrocketing energy prices. The ministers reached an agreement following a short discussion, keeping the core substance of the Commission proposals while adding few amendments which enable flexibility and practical implementation. The aim of the package is to
Belgian Council of Ministers approves draft legislation implementing DAC 7 into Belgium law
On Friday 23 September 2022, the Council of Ministers approved preliminary draft legislation introducing new provisions and technical amendments for administrative cooperation between European member states in the field of taxation. The aim of the proposal is to implement EU Directive 2021/514 on administrative cooperation in the field of taxation, better known as “DAC 7”,
Tax Bites Podcast: Tax opportunities in ERP transformations
In this episode of the Tax Bites podcast series, our global tax ERP leader and other tax technology experts talk about the latest major trends in the global tax ERP landscape. Get insights into the ever-changing tax obligations and the impact on data needs. Learn about how these new obligations – like Pillar 2 taxation
Tax Bites Podcast: Digesting the Pillar 1 progress report
On 11 July 2022, the OECD released a progress report on Pillar 1. In this episode, we go through the key takeaways from this report for businesses. Towards the end of the episode, we also covered a brief update on the latest status of Pillar 2. About the speakers: Jean-Philippe Van West Stefaan De Baets
