Latest news & developments
Possible important amendments to the stock option legislation and the introduction of a specific tax regime for free shares
A government proposal regarding new legislation with respect to stock options and stock plans was announced in the Belgian press last week (cf. please find the link to the entire article). It is however important to note that no texts are currently available and that it is currently not certain whether this proposal will eventually be
How the EU mitigates the adverse consequences of Brexit – Brexit Adjustment Reserve (BAR)
The decision by the United Kingdom to leave the European Union has had a significant impact on the economic, social and territorial cohesion of the Union. Largely because of the numerous obstacles this break-up presented to the trade in goods and services that were associated with the European Economic Area and its single market. To
Russia, the British Virgin Islands, Costa Rica and the Marshall Islands added to list of non-cooperative jurisdictions for tax purposes
On 14 February 2023, the EU Council’s Code of Conduct Group formally decided to add Russia, the British Virgin Islands, Costa Rica and the Marshall Islands to the EU list of non-cooperative jurisdictions for tax purposes (also referred to as the ‘EU tax haven blacklist’). The EU tax haven blacklist now includes 16 countries: American
New legal framework for excise and general arrangements – Council Directive 2020/262
A new legal framework for excise and general arrangements has been introduced by the Council Directive 2020/262, repealing the previous Directive 2008/118/EEC, which will be in effect as of the 13th of February 2023 with transitional provisions applicable until end 2023. What is new? Introduction of duty paid licenses Two new excise operator roles will
Possible important amendments to the stock option legislation and the introduction of a specific tax regime for free shares
A government proposal regarding new legislation with respect to stock options and stock plans was announced in the Belgian press last week. Below you can find a short overview of the proposed changes with some initial high-level reflections. It is however important to note that no texts are currently available and that it is currently
Is your company ready for the digitalization of the Belgian (tax) authorities?
The world is becoming more and more digital and also the Belgian (tax) authorities are catching up in this field. MyMinfin, e-Box, MyTax, WSE loket are only some of the digital applications currently being launched by the (tax) authorities in Belgium. Not only communications and documents are being digitized, also certain filings can no longer
New circular letter published on 30% EBITDA rule
On 12 January 2023 a new circular letter (2023/C/8) was published regarding the 30% EBITDA regulation (Dutch/French version). Over the past few years, the Belgian tax authorities have periodically published guidance on the interpretation of the 30% EBITDA rule. The new circular letter is intended to summarize the guidance that is currently available to provide
PwC’s Tax Bites podcast: OECD issues Administrative Guidance on Pillar 2
In this episode, we discuss our first impressions of the 111-page Administrative Guidance on Pillar 2 published by the OECD on Thursday, 2 February 2023. A wide range of issues related to the GloBE Rules and Commentary were addressed in the guidance, and our experts also welcomed the additional clarification and examples, including those on
