CBAM gets green light from EU Parliament: a game-changer for carbon pricing and global supply chains
Earlier today, on April 18th, the European Parliament held its final vote on the Carbon Border Adjustment Mechanism (CBAM). CBAM is one of the elements of the EU Green Deal, the goal of which is to reduce GHG emissions by 55% by 2030. CBAM is aimed at ensuring a level playing field by equalizing the
Belgium agrees on core principles for implementation of the Global Minimum Tax (GloBE/Pillar 2) for MNE’s and some additional tax measures
The Belgian government reached an agreement on the Federal budget. After long discussions within the government, a number of measures have been decided that will reduce expenditures and measures that will increase revenue. One of the key elements in the budget decision was the decision on the core principles of the introduction of Pillar 2
Tax Treaty concluded between Belgium and Luxembourg – The 24-day limit officially becomes the 34-day limit
In line with the OECD Model Convention, the treaty for the avoidance of double taxation concluded between Belgium and Luxembourg applies the ‘Work State’ principle. This means that a resident of a country working in another country is taxable in the country where the activity is performed. The Work State principle implies that a Belgian
Contribution in Fiscale Actualiteit on reporting obligations of platform operators as of 1 January 2023
We are very grateful that Fiscale Actualiteit has published on the frontpage of the latest edition our article regarding the implementation into Belgian legislation of DAC 7 (Fiscale Actualiteit nr. 2023/08, pag. 1-5, week 2 – 8 maart 2023). As of the 1st of January this year new reporting obligations entered into force in Belgium as in
European Commission temporarily relaxes State Aid measures in support of the Green Deal Industrial Plan
The European Commission has approved new measures via the Temporary Crisis and Transition Framework (TCTF) in support of the transition towards a net-zero economy. The Commission’s goal is to speed up investment and financing for clean tech production within the Union which, in turn, supports the European Green Deal as well as delivering on specific
EU Green Deal Industrial Plan – Latest developments from the European Commission
Net Zero Industrial Act The EU Green Deal Industrial Plan is quickly becoming reality. This ambitious plan announced by Ursula Von der Leyen one month ago (1) sets out a comprehensive approach to support a green-tech scale-up based on four pillars: 1) simplified regulatory environment, 2) mobilising private and public funding, 3) upskilling workforce and
War for Business – Challenges for Europe on the incentives playing field
As boldly stated by the president of the European Commission – Ursula von der Leyen, the European Union should undertake more concrete actions to counter the massive subsidy packages currently being offered by the Chinese government to companies in the clean-tech sector and beyond. In addition, the US has also recently implemented a new bill
The EU is preparing for an overhaul of the EU’s energy market: Flemish and EU incentives can help companies thrive in this new energy landscape
Europe is currently facing a double energy crisis. On the one hand, the geopolitical tensions with Russia have substantially reduced the supply of natural gas, putting into jeopardy the block’s ability to meet its energy demand. On the other hand, climate change and the need for a more sustainable energy future has become a pressing
