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
Tax Bites Podcast – The new BEFIT proposal and International Tax Webinar Trilogue
The new BEFIT proposal and International Tax Webinar Trilogue On 12 September the European Commission published its long anticipated BEFIT proposal together with a proposal for a transfer pricing directive. In this podcast we discuss the content of these proposals and reflect on the impact for business. In line with this topic, you can still
Tax Bites Podcast: Amount B is back – what does it mean?
Amount B is back – what does it mean? In this episode the speakers will give an update on the current status and content of Amount B, what it means for businesses, next steps to consider along with some crystal ball predictions on the likelihood and breadth of the impact. About the speakers: Gilles Franssens
Mid-summer tax update
As we reach mid-summer, it’s time to do a short wrap-up of some of the recent tax developments to keep you up to date in this ever-changing tax landscape. In this update we will cover the following topics: Council of Ministers accept the Belgian implementation of the Public CbCR Directive Belgian Parliament considers bill to
Tax Bites Podcast – Future-proofing your statutory reporting function (Part 3)
Future-proofing your statutory reporting function: how to accommodate compliant local statutory ledgers in your Business ERP? In this third episode of our mini series we look at the ideal end state – dual ledger accounting. How do you ensure you meet the local statutory and tax requirements while reaping the benefits of centralization and standardization
Tax Bites Podcast – Future-proofing your statutory reporting function (Part 2)
Future-proofing your statutory reporting function: how to improve your statutory financials production by solving your data challenges In this second episode of our mini series we first dive deeper into the types of STAT data as well as GAAP to STAT differences and how to accommodate for these in the most preferred way. Then we
Tax Bites Podcast: Future-proofing your statutory reporting function (Part 1)
This episode is the first in a series where we will explore the topic of future-proofing the statutory reporting function and the close link to tax. We start with setting the scene, why it’s such a hot topic today. We touch upon what that future-proof model could look like as well as the framework to
New tax treaty signed between Belgium and the Netherlands
A new tax treaty was signed between Belgium and the Netherlands. This new treaty is now published and will go through the normal ratification process. The treaty includes a number of important changes for all taxpayers with cross border activities between Belgium and the Netherlands. According to the press release of the Minister of Finance,
