Tax Bites Podcast: The Global Minimum tax for MNE’s
On 20 December, the OECD published its proposal for a global minimum tax. All MNCs in scope of the minimum tax will be subject to a taxation of at least 15% in each country where they are active. In this podcast, the publication of the OECD is discussed and the reflections on the impact of
December 20 OECD/G20 Pillar 2 GloBE Model rules
A ten minutes tour of: The introduction of a global minimum taxation of 15% Some salient new points, such as inclusion of deferred taxes to calculate jurisdictional ETR The importance of modeling to understand the impact The ambitious timeline for implementation Earlier today, the OECD published the long awaited Global Anti-Base Erosion Model Rules (Pillar
Belgian Minister of Finance confirms intention to mandate B2B e-invoicing
In his policy note, the Belgian Minister of Finance, Mr Van Peteghem, confirmed the intention to gradually make electronic invoicing mandatory for businesses-to-business (B2B) transactions. The measure is aimed at reducing the Belgian VAT gap, which is the difference between the expected VAT revenues and the VAT revenues that are effectively collected. For the year
Tax Bites Podcast: How can taxpayer’s fundamental rights bring balance to the ever increasing powers of the tax authorities in the EU?
Tax transparency is the new normal. An ever increasing amount of EU legislation is passed under the banner of the fight against tax fraud. The scope of the legal instruments that allow for mutual assistance between tax authorities are constantly extended. This trend poses a huge challenge for businesses that are coping with tax officials
Tax Bites Podcast: Update on China Tax Policy
Recorded before the release of the 8 October Inclusive Framework Statement, we share perspectives on the current state of play for in- and outbound investments in China. Our speakers cover the main corporate income tax aspects, as well as insights on the China tax policy developments, including the main attributes that shape a sustainable tax
The 2022 Belgian budget round
On the 29th October, the council of ministers agreed on the draft program law outlining the 2022 Belgian budget measures. On 9 November at 16.00, PwC Belgium will organise a webinar where our experts will reflect on this set of measures and the impact this may have for businesses in Belgium. If you are interested,
Tax Bites Podcast: The inclusive framework statement of 8 October 2021 explained!
On 8 October 2021, the Inclusive Framework (IF) announced a further agreement backed by 136 (out of 140) members of the Inclusive Framework on the two-pillar approach. In the last few days, a number of countries that initially opposed the reform are now also signing up for it (e.g. Hungary, Ireland and Estonia). With this, all EU
EU cooperative compliance project for transfer pricing announced
The European Commission (EC) has recently published guidelines on the European Trust and Cooperation Approach (ETACA), a pilot project on cooperative compliance within the EU specifically focusing on transfer pricing risks for large multinationals. The ETACA pilot was already announced in the Action Plan for fair and simple taxation supporting the recovery strategy (see also
