Latest news & developments
Consider your anticipated cashflow and the opportunity of an early advance tax payment
Unless a company pays its Belgian corporate income taxes due by means of timely advance tax payments during the financial year concerned, a surcharge is due on the final amount of Belgian corporate income tax due upon assessment. If advance tax payments are made, credits – which can be offset against the surcharge – are
The Belgian Minister of Finance proposes long awaited tax reform.
Finance Minister Vincent Van Peteghem launched his proposal for a first phase in the Belgian tax reform. This proposal was already announced several months ago and is now being put formally on the table. What we are looking at today is still a proposal that will now go into the legislative process. The aim is
War for Business – Challenges for Europe on the incentives playing field
As boldly stated by the president of the European Commission – Ursula von der Leyen, the European Union should undertake more concrete actions to counter the massive subsidy packages currently being offered by the Chinese government to companies in the clean-tech sector and beyond. In addition, the US has also recently implemented a new bill
The EU is preparing for an overhaul of the EU’s energy market: Flemish and EU incentives can help companies thrive in this new energy landscape
Europe is currently facing a double energy crisis. On the one hand, the geopolitical tensions with Russia have substantially reduced the supply of natural gas, putting into jeopardy the block’s ability to meet its energy demand. On the other hand, climate change and the need for a more sustainable energy future has become a pressing
PwC’s Workforce Podcast – Rethinking Total Reward to deliver Total Wellness
The business environment is increasingly turbulent, with inflation rising, and continued shortages in many areas – including top talent. Organisations must focus on containing costs, but also seek to maximise performance, and attract and retain key talent. Competitive reward packages are vital for finding and keeping the pivotal talent that organisations need. However, there is
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
