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
Tax Bites Podcast: One year after the publication of the Fit For 55 Package – Where do we stand?
One year after the publication of the Fit For 55 Package – Where do we stand? On 14 July 2021 the European Commission published its ambitious Fit For 55 Package. Tune in if you want to know where we stand today regarding the tax measures included in the Fit For 55 Package and how the
EU Green Deal update – Agreement by the European Parliament on the key Fit for 55 proposals and common position on the Corporate Sustainability Reporting Directive
On Wednesday, June 22, the European Parliament adopted some key elements of the Fit for 55 Package, namely the EU Emission Trading System (ETS), the Carbon Border Adjustment Mechanism (CBAM) and the Social Climate Fund. One day before, the European Parliament and the Council also reached a provisional agreement on the Corporate Sustainability Reporting Directive.
The Luxembourg Reserved Alternative Investment Fund (RAIF) – Updated
Luxembourg RAIFs are increasingly used in order to provide debt funding for acquisitions. Until recently it was uncertain how interest paid by a Belgian company to a RAIF is to be treated from a Belgian withholding tax perspective. Two recent decisions of the Belgian Supreme Court provide more clarity. The RAIF Regime In 2016, Luxembourg
The EU is accelerating the green transition: REPowerEU and ETS/CBAM update
Last week was an important week for the EU’s Green Deal ambitions. On Tuesday 17 May the European Parliament ENVI Committee adopted updated proposals on CBAM and the ETS reform. And the following day the European Commission presented its REPowerEU plan. What is the REPowerEU Plan and why should you care? The aim of the
