Latest news & developments
CBAM gets green light from EU Parliament: a game-changer for carbon pricing and global supply chains
Earlier today, on April 18th, the European Parliament held its final vote on the Carbon Border Adjustment Mechanism (CBAM). CBAM is one of the elements of the EU Green Deal, the goal of which is to reduce GHG emissions by 55% by 2030. CBAM is aimed at ensuring a level playing field by equalizing the
VAT & Digital Services: European Commission on NFTs and Implications from OnlyFans EUCJ Case
VAT Treatment of NFTs: The European Commission has published Working Paper 1060, offering initial insights into the VAT treatment of non-fungible tokens (NFTs). The document aims to collect input from Member States to establish a consensus on NFTs’ VAT treatment. It emphasizes the complexity of NFTs, highlighting the following points: NFT VAT treatment necessitates case-by-case
Transform your business with Power BI visualizations!
In today’s business landscape, data is king. Companies are generating more data than ever before. However, without the right tools, it can be overwhelming and difficult to grasp the essence of it all in a concise manner. This is where Power BI visualizations can make a difference. Power BI is a powerful data visualization tool
2023 proxy season – Belgian Companies brace for Shareholder Vote on Remuneration Policy
Belgian companies are gearing up for their annual general meetings and preparing for the vote on their remuneration policy and report, as mandated by the revised shareholder directive (SRD II). This vote, known as “say on pay,” allows shareholders to have a say in the company’s remuneration policy and report. Under the SRD II, companies
Power Purchase Agreements and Contracts for Differences: unraveling the complexity!
The EC’s Electricity Market Reform Proposal The European Commission (EU) has proposed a reform to its electricity market design. The idea behind the reform is to accelerate the transition to renewables and reduce the dependency on Russian gas before next winter (1). The reform also aims to make consumer bills less dependent on volatile fossil
Belgium agrees on core principles for implementation of the Global Minimum Tax (GloBE/Pillar 2) for MNE’s and some additional tax measures
The Belgian government reached an agreement on the Federal budget. After long discussions within the government, a number of measures have been decided that will reduce expenditures and measures that will increase revenue. One of the key elements in the budget decision was the decision on the core principles of the introduction of Pillar 2
Pay transparency is coming! How to get it right?
On 30 March 2023, the European Parliament adopted the Pay Transparency Directive with the aim of eliminating the gender pay gap by providing workers with access to information necessary to assess whether they are being paid fairly compared to other workers in the same organization. The directive also introduces enforcement mechanisms enabling workers to claim
Are you ready for the next compliance deadlines?
The focus on compliance from different stakeholders has become even more important lately. Meeting deadlines and avoiding penalties is the general expectation but a true challenge for many companies. Therefore, we are glad to share a compliance timeline again. It is a little roadmap to help you keep track of the most important deadlines upcoming
