Expected change in Belgian CFC regime
A draft law was introduced into parliament to change the Belgian CFC regime, which was introduced as part of the EU Anti-Tax Avoidance Directive (hereafter “ATAD directive”) in 2017. The CFC regime Belgium introduced back in 2017 taxed non-distributed income arising from non-genuine arrangements which have been put in place for the essential purpose of
Packaging and Packaging Waste Regulation (PPWR): The EU Parliament adopts its position with view to the upcoming negotiations with the Council
In November 2022, the European Commission (EC) unveiled its proposal for a new Regulation on packaging and packaging waste (PPWR). This proposal, aimed at replacing the existing framework established in 1994, addresses the urgent need to harmonise divergent regulatory practices across member states, which have been creating significant barriers in the internal market for packaging,
Draft law on public country-by-country reporting in parliament
Introduction In our previous newsflash regarding the public country-by-country reporting (PCbCR) directive, we informed you that EU member states must introduce the directive in their domestic legislation by 22 June 2023 at the latest. Belgian PCbCR draft law On 10 November 2023, the Belgian draft law was finally published. As per the draft text, companies
Tax Bites Podcast – Future-proofing your statutory reporting function (Part 4)
Future-proofing your statutory reporting function: downstream impact on tax technology including Pillar 2 In this episode of our mini-series, the discussion delves into the concept of tax ledgers within ERP systems. Hosted by Pieter Deré, experts Jorgen Broothaers, Oualid Madrane, and Bert Vergote explore the reasons for considering tax ledgers, their benefits, and their relevance in
Tax Bites Podcast – Pillar One, Amount A of the Two-Pillar project: the next steps.
In this episode of the Tax Bites Series, following the publication of the draft Multilateral Convention on Amount A and related documents on 11 October 2023, the speakers give an overview of the current state of play of Amount A. They discuss how Amount A may impact your organiSation and how to prepare for it
Navigating DAC 7 in Belgium: Comprehensive FAQ document published by Belgian tax authorities for digital platforms
Navigating DAC 7 in Belgium: Comprehensive FAQ document published by Belgian tax authorities for digital platforms The Belgian tax authorities have just released a comprehensive Frequently Asked Questions (FAQ) document aimed at clarifying the requirements and procedures for compliance with the DAC 7 reporting obligation. DAC 7 In March 2021 the Council of the European
Clarification on CBAM Reporting Requirements
CBAM (Important Update): Clarification on Reporting Requirements On 20 October 2023, the Federation of Belgian enterprises (VBO/FEB) hosted a CBAM information session with the participation of the European Commission (DG TAXUD) and two Federal Public Services (FOD/SPF), Finances and Public Health. During the session, PwC raised an important question regarding the definition of the Reporting
The General Court considers the Belgian Excess Profits Ruling to be unlawful State Aid
On 20 September 2023, the General Court of the European Union (GCEU) ruled for the second time in the case of the Belgian Excess Profits Ruling (Belgian EPR) (Judgement of the General Court, 20 September 2023, in case T-131/16 RENV). Contrary to its first decision in 2019 on EPR as a “scheme”, it now confirmed
