US House Advances the ‘One, Big, Beautiful Bill’ Bill to the Senate – This could have significant implications for Belgian and other non-US Companies with US presence and investment
On 22 May 2025, the US House of Representatives approved the “One, Big, Beautiful Bill” (OBBB). The Bill is now set for Senate deliberations which are expected to follow swiftly. The Republican majority aims to have the bill signed into law by President Trump before the July 4th recess. The legislation features permanent extensions and
ECGT Directive: Prove Your Sustainability Claims Are True!
The Directive on Empowering Consumers for the Green Transition (ECGT), adopted in February 2024, marks a key milestone in ensuring consumers receive relevant and accurate information about the environmental performance and characteristics of the products and services they purchase. It amends existing EU consumer protection laws to address misleading environmental claims and unverified sustainability labels.
The EU published the DAC9 amendments to the Directive on Administrative Cooperation in the context of Pillar 2
On 6 May 2025, the amendments to the European Directive on Administrative Cooperation (‘DAC 9’) were published in the Official Journal of the EU, following its adoption by the European Council on 14 April 2025. What is DAC9? The amendments contained in DAC9 allow the simplification of reporting for large groups with respect to Pillar
New version of the draft Belgian QDMTT return released
On 10 April 2025, the Belgian tax authorities published a new version of the draft Belgian Qualified Domestic Minimum Top-up Tax return (also referred to as QDMTT return) to be submitted by Belgian entities subject to the Belgian law introducing a global minimum tax (or Pillar 2). This new version is an update of the
The Impact on doing business globally and in Europe of the US Presidency
As the US is the largest economy globally, the economic policies of a US presidency play a crucial role in the dynamics of the global economy, influencing supply chains and affecting the remote work landscape worldwide. US presidents can use a range of policies that can either stimulate or hinder foreign, inbound or outbound trade,
Transformative Indirect Taxes Reforms to Boost Sustainability, Efficiency, and Transparency in Belgium
As part of the recent government agreement, the new Belgian government has introduced a series of proposed changes in indirect taxes aimed at supporting sustainability, enhancing transparency, and simplifying the tax system. Below are the key highlights designed to create a more efficient fiscal environment that aligns with climate objectives, reduces administrative burdens, and combats
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
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
