Belgian Tax authorities publish FAQs on reporting obligations for digital platform operators
The Belgian Tax Authorities recently published Frequently Asked Questions (“FAQs”) clarifying the reporting obligations for digital platform operators. A key takeaway is the upcoming due date for the first filings and their format. There are two important deadlines. First, by the end of February, in scope digital platform operators must inform service providers active on
Tax Bites Podcast: Proposed implementation of the minimum tax in the EU and the unshell proposal
On 22 December, the European Commission issued 2 proposals. One proposal deals with the introduction of the global minimum tax in the EU by 2023. The EU proposal deviates from the OECD proposal on a number of topics. Find out how the proposal will look like in this Tax Bites episode with Jean-Philippe van West and
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
Public Country-by-Country Reporting Directive enters into force soon
With our newsflash of 16 November 2021, we informed you of the formal approval of the public country-by-country reporting (PCbCR) directive on 11 November 2021. The directive is published in the Official Journal of the EU on 1 December 2021; it enters into force on the 20th day after its publication. Member states must introduce
Public Country-by-Country Reporting adopted
Introduction On 11 November 2021, the European Parliament adopted the Directive on public country-by-country reporting (PCbCR). The adoption of this directive concludes the procedure (see earlier newsflash) on the introduction of specific European transparency rules and requires certain European or non-European multinational groups or standalone undertakings to publicly disclose certain financial data. Content of the
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
