Latest news & developments
Belgian Council of Ministers approves draft legislation implementing DAC 7 into Belgium law
On Friday 23 September 2022, the Council of Ministers approved preliminary draft legislation introducing new provisions and technical amendments for administrative cooperation between European member states in the field of taxation. The aim of the proposal is to implement EU Directive 2021/514 on administrative cooperation in the field of taxation, better known as “DAC 7”,
Belgian special tax regime: Royal Decree regarding the content of the form to apply for an extension
Previously, the forms to request the application of the new special tax regime applicable for incoming taxpayers & researchers were already issued. A new Royal Decree of 1 September 2022 (published in the Belgian Monitor on 19 September 2022) provides more information on the content of the form that will have to be used in
Expected notional interest rate deduction
Expected notional interest deduction rate for assessment year 2024 The standard notional interest deduction (NID) rate for assessment year 2024 is expected to amount to 0,943%. For SMEs, the NID rate would be 1,443%. These rates should still be confirmed by a notice published in the Belgian Official Gazette. Less than a month ago, it was officially
How VLAIO translates the Flemish Energy and Climate plan into their funding application requirements
The long term strategy of the EU is to become climate neutral by 2050 by transitioning its economy to become net zero in greenhouse gas (GHG) emissions. As such, the Commission proposed the 2030 Climate Target Plan to raise the EU’s ambition on reducing GHG emissions to at least 55% below 1990 levels by 2030.
New funding opportunity for better management of hydroclimatic extreme events
The stakes for water stress and scarcity are high. We have seen from this summer’s dry period in Europe that water scarcity not only affects the southern Mediterranean but also the north of Europe known for its water abundance. The Rhine and Danube experienced unprecedented low water levels hampering ship navigation, water supply for domestic,
Tax Bites Podcast: Tax opportunities in ERP transformations
In this episode of the Tax Bites podcast series, our global tax ERP leader and other tax technology experts talk about the latest major trends in the global tax ERP landscape. Get insights into the ever-changing tax obligations and the impact on data needs. Learn about how these new obligations – like Pillar 2 taxation
Major changes to Belgian tax procedures in the pipeline
Reports of important amendments to the Belgian tax procedures appeared in the press, prior to the parliament’s summer recess. This newsflash summarises the main aspects and current status of the proposed measures. Extension of investigation, assessment and retention periods The draft law on various tax and financial provisions contains substantial changes to the investigation, assessment
The new regional aid map 2022-2027 for Flanders has been approved
Summary The Flemish regional aid map lists all the municipalities in which large companies can receive investment aid. These municipalities are located in regions where economic development is significantly lower than in other regions of the country and the wider European Union. For SMEs, there is no geographical limitation on receiving investment aid. What does
