Latest news & developments
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
OECD issues Administrative Guidance on Global Anti-Base Erosion Model Rules (Pillar 2)
On 2 February 2023, the OECD released the long-awaited Administrative Guidance on the Pillar 2 Model Rules. The GloBE Rules and Commentary consist of a coordinated system of rules designed to ensure that large MNE Groups are subject to a minimum effective tax rate of 15%. This set of rules are also to be implemented
Flemish and European implications of the climate and energy crisis: government support for green industrial investments
Industrial green deal It is commonly known that green investments are on the rise, both in Flanders but also in Europe as a whole. With the expected policy changes at EU-level, these investments might receive an additional boost in the years to come. However, these investments are no easy task for European companies in the
What’s new on the incentive horizon? – January 2023 update
As the funding landscape is continuously evolving, new calls for proposals are opening regularly in different focus areas. With this short newsletter, we provide you an overview on the main funding opportunities and developments at European level as well as in Flanders, Belgium. Europe – New Eureka call for low carbon projects Eureka launched
Exposure Draft proposes disclosure requirements for Pillar 2
In December 2022, the EU Directive on Pillar 2 was published, the OECD public consultation document on the GloBE Information Return was issued and in January 2023, an Exposure Draft was published by the IASB. As a result, the timeframe in which companies subject to Pillar 2 will need to take action has been accelerated
What are the Belgian and European governments doing to support your company in tackling climate change during the energy crisis?
As a result of the active geopolitical tensions, both our households and businesses share the same burden of rising energy costs and continuous inflation. In parallel our continuous battle against climate change is still ongoing. Fortunately, the European Commission, together with national and regional governments haven’t forgotten about this pressing issue. As a matter of
Tax and legal aspects of ESG in an M&A context – pre-deal phase
With the structural climate/sanitary reality and economic challenges, ESG (Environmental/Ecological, Social/Sustainable and Governance) has grown in importance for all stakeholders of an enterprise. So it’s no surprise that ESG has also become a hot topic in M&A projects and that Tax and Legal related ESG topics should be included in every step of a deal
Tax Bites Podcast: Incentives
On the foot of Russia’s invasion of Ukraine, the European energy landscape is facing unprecedented challenges. The response, on the part of the European Union and its member states, is to accelerate the energy transition. Although decarbonisation of our energy systems was always on the agenda in recent years, the current crisis accentuates the need
