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
German- Belgian Colloquium on global tax reform: a status update on the OECD Two Pillar Approach
On May 23rd, 2022 the Belgian and German tax authorities organized a colloquium on the two-pillar approach. The colloquium was held in Brussels and was hosted by Mr Hans D’Hondt, Chairman of the Management Committee of the Belgian Federal Public Service Finance. The colloquium was opened by Mr D’Hondt and Mr Martin Kotthaus, Ambassador of
Tax Bites podcast: EU commission proposal to tackle the debt-equity bias in taxation (DEBRA)
In this week’s podcast, our speakers discuss the content of the proposal and assess which businesses will be impacted. They’ll explain the allowance on equity and interest limitation, linking this to other pending EU proposals. About the speakers: David Ledure, PwC Belgium Partner and leader of the global PwC Financial Transactions network Jean-Philippe Van West,
Belgian government announces measures to transition Belgian economy post-covid
Yesterday, the Belgian Government reached an agreement on the Belgian budget. The budget agreement combines a number of measures to transition the Belgian economy after Covid in an environmentally balanced manner. Some points will need further agreement with the social partners, and some measures are taken explicitly in view of the recent surge of energy
G7 commits to a global minimum tax of at least 15% and taxation of digitalised economy
The G7 finance ministers published on 5 June 2021 a Communiqué announcing that they reached a high-level political agreement on a global tax reform. In particular, they agreed on the reallocation of a share of the profits of certain multinational enterprises to market jurisdictions (Pillar 1) and a global minimum tax of at least 15%
Filing your Belgian corporate income tax return and local form – due date information
How to ensure timely filing ? Belgian companies (and non-resident companies with a Belgian establishment) have the yearly obligation to file a Belgian (non-resident) corporate income tax return within the statutory deadline. As of this year, the general principle states that regardless of the date of the general meeting, a financial year that ended per
Additional extension for the filing of corporate tax returns: 16 November 2020
In the newsflash of July 2020, we informed you that the Minister of Finance decided to extend the initial filing due date for filing the corporate income tax returns of assessment year 2020 to 29 October 2020. All Belgian companies (and foreign entities having a Belgian establishment) could benefit from this extension. It has now
Tax loss carry-back system: administrative circular letter published
On 22 September 2020, the Belgian tax authorities issued a circular letter (administrative guideline) in relation to the tax loss “carry-back” system. Previously, a Royal Decree was published on 1 September 2020 which further clarifies the formalities to be fulfilled in order to apply the loss “carry-back” system. In our newsflash of 2 July 2020,
