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Latest news & developments

30 January 2024

CBAM Registry’s Technical Issues: EU Addresses Concerns in Last-Minute Press Release

The European Commission has taken action regarding the technical issues affecting the submission of data for the EU Carbon Border Adjustment Mechanism (CBAM) and the Import Control System 2 (ICS2). These problems have arisen from a technical fault impacting several EU customs systems, including the CBAM Transitional Registry. In response, systems updates have been made

26 January 2024

Arm’s length character of interest rates on intercompany loans

In recent years, the Belgian Tax Authorities (BTA) have intensified their focus on the (intercompany) financing arrangements of MNE groups.  Some recent Belgian case laws offer valuable insights into the approach that the BTA and the Courts adopt when assessing the arm’s length character of intercompany financing conditions. Stay informed and adapt strategically! Judgment of

19 January 2024

Deadline for first DAC7 reporting now imminent

DAC 7 recap In previous alerts we informed you that the DAC7 reporting obligation impacts various digital platforms operators. The scope of this obligation relates in a broad sense to platforms (any software, including a website, application, and so forth) that facilitate, directly or indirectly, the connection between sellers and buyers for the carrying out

18 January 2024

Navigating the evolving “De Minimis Regulation”: recent changes and future expectations

In the dynamic landscape of state aid, the De Minimis regulation has been put in place to ensure a fair competition between enterprises across the European Union. However, significant updates to the regulation have recently been made. Looking at the future, such changes promise to reshape how companies navigate this important aspect of state aid.

17 January 2024

CBAM – Calculation methods for the embedded emissions

The specific embedded emissions of goods produced in an installation are determined according to one of the following methods (Article 4(1) CBAM Implementing Regulation): a determination of the emissions from the source streams based on activity data obtained from laboratory analyses or standard values using measurement systems and calculation factors; or  a determination of the

15 January 2024

Circular letter relating to the settlement of cross-border tax disputes in the European Union

On 1 December 2023, the Belgian tax authorities issued a circular letter (2023/C/95) relating to the settlement of cross-border tax disputes in the European Union. This circular letter provides clarification to help overcome the difficulties that may arise in the interpretation or application of the law of 9 May 2019 implementing Council Directive (EU) 2017/1852