Latest news & developments
Incentives newsletter – October 2023
As we close the summer season, the PwC Incentives Hub has been diligently monitoring the incentives landscape. We offer you following insightful overview of incentive topics that may be relevant for your company. Water4all In the last few years, Europe has been experiencing the consequences of climate change, including extreme weather conditions such
Belgian government agrees on federal budget: what is the impact?
On 9 October, the Belgian Federal government reached an agreement on the federal budget. The current budget round was an important one, as the economic climate is deteriorating and this has an impact on the budget of the government. This budget needed to find additional funds. The total effort is 1.7 bln EUR, of which
Reduced VAT Rate for Home Demolition-Reconstruction Extended, Excludes Developers
The Belgian government has announced an extension of the reduced 6% VAT rate for the demolition and reconstruction of homes. However, this benefit will now exclusively apply to individual homeowners. Developers, who previously enjoyed this rate under certain conditions for the sale of apartments and homes, will revert to the standard VAT rate of 21%
Federal Mobility Budget : What changes do you need to make to your budgets by next year?
Introduction The mobility week has also set our government in motion, as a Royal Decree was published last week, on 29 September 2023, in an attempt to provide clarification and simplification in the framework of the Federal Mobility Budget The Decree not only amends the way the budget is tracked towards the employee, but also
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
A revamping of the investment support mechanism in Wallonia
To enhance clarity and amplify the leverage effects of incentives, Minister of economy in Wallonia, Willy Borsus, has taken substantial steps towards revamping the investment support mechanism by developing a points-based quality assessment system. From March 2024 onwards, this mechanism will be implemented to assess whether an investment project is eligible for the investment aid.
PwC’s Workforce Podcast – On the Move: Workforce Mobility Insights
PwC’s Workforce podcast Empowering the workforce through the People Value Proposition Welcome to On the Move: Workforce Mobility Insights, the podcast dedicated to exploring how mobility impacts job satisfaction, work-life balance, and sustainability. In this episode, we discuss the evolving expectations of mobility in the workforce. Discover the challenges employers face today and how they can
