New Belgian Federal Government Agreement and Upcoming Tax Reform and its impact on Entrepreneurship & Economic Climate in Belgium
On January 31, 2025, Belgium presented a new federal government agreement announcing major tax policy changes that will affect entrepreneurship and competitiveness. Some first key highlights based on the info currently available: Competitiveness: labour costs for low and middle incomes will be reduced, but the impact might be mitigated due to updated compensation practices related
The OECD released a new package of Pillar 2 documents
On 15 January 2025, the OECD released a new package of documents including (i) the central record of legislation with qualified domestic rules, (ii) additional Administrative Guidance, and (iii) an updated version of the GloBE Information Return (GIR), the XML scheme/user guide and a Multilateral Competent Authority Agreement. List of legislations with a Transitional Qualified
Navigating Belgium’s new tax law and its impact on DAC 7
The Belgian government has introduced a new tax law on 20 December 2024 that introduces significant amendments to the DAC 7 regulations, focusing on the responsibilities and obligations of reporting platform operators. This article delves into each of these amendments, providing a comprehensive overview of what these changes mean for platform operators. Key Amendments to
Circular letter on the Belgian CFC rules (Circular Letter 2024/C/82 December 13, 2024)
On 13 December 2024, the Belgian tax authorities issued a circular letter (Circular Letter 2024/C/82 December 13, 2024) regarding the new Belgian Controlled Foreign Corporation (CFC) regulations and a circular letter (Circular Letter 2024/C/83 December 13, 2024) regarding changes from a tax procedural perspective. Almost one year ago, the program law of 22 December 2023
Navigating DAC 7: Upcoming deadlines and obligations for platform operators
Year end is approaching. Digital platform operators should be mindful of the upcoming deadlines. As a platform operator, it’s crucial to keep an eye on the reporting obligations in and outside of the EU. In March 2021 the Council of the European Union adopted new transparency rules and disclosure obligations for digital platforms, also known
ECOFIN approves VAT in the Digital Age package
On 5 November 2024, the EU Finance Ministers at ECOFIN approved the latest version of the VAT in the Digital Age (ViDA) package released on 30 October 2024. This is positive news given that Estonia had earlier raised concerns in relation to the platform rules, a matter which was the subject of compromise discussions throughout
Tax Bites Podcast – Belgian QDMTT return: how does it look?
Belgium published its QDMTT tax return and asks feedback to stakeholders. Are you interested to learn how Belgium looks at the QDMTT return? Tune in and get an update! About the speakers Koen De Grave Maxim Allart Pieter Deré (Host) Listen now Missed the previous episode(s)?: You can listen to the full episodes via Spotify, Google and Apple Podcasts.
How key interest rate cuts and stabilising inflation might impact your transfer pricing policy
The past few years the financial markets have been characterised by a significant increase in interest rates battling the surge in inflation throughout the world. Since the arm’s length principle requires intercompany transactions to appropriately reflect current market conditions, these exogenous elements have led companies to update their financing policies and more specifically their transfer
