Latest news & developments
December 20 OECD/G20 Pillar 2 GloBE Model rules
A ten minutes tour of: The introduction of a global minimum taxation of 15% Some salient new points, such as inclusion of deferred taxes to calculate jurisdictional ETR The importance of modeling to understand the impact The ambitious timeline for implementation Earlier today, the OECD published the long awaited Global Anti-Base Erosion Model Rules (Pillar
New 2022 calls for the SME Growth Subsidy
What is the SME Growth subsidy? With the SME growth subsidy, the Flemish government supports SMEs seeking to embark, or continue their strategic growth trajectory. The growth subsidy covers strategic advice from an external service provider or the recruitment of a strategic profile that will help SMEs in their growth. The applicant’s growthpath must be
Update COVID-19 and cross-border employment: Agreement with the Netherlands extended until 31 March 2022
In our newsflash of 10 December 2021, we referred to the extension of the mutual agreements between Belgium and France / Luxembourg until 31 March 2022. It was stated that the mutual agreement between Belgium and the Netherlands would likely be extended as well. And indeed, recently, the Belgian and the Dutch tax authorities decided
Benefit in kind – Private use of a company car: updated formula for 2022
The Royal Decree implementing the new reference CO2 emission for calculating the taxable benefit in kind for the private use of a company car in the hands of company directors and employees has been published in the Official Gazette on 13 December 2021. For income year 2022, the following CO2 emission will be applied to
Update COVID-19 and cross-border employment: Agreements with France and Luxembourg: extended until 31 March 2022
With reference to our previous newsflashes regarding this topic, the idea behind the COVID-19 agreements lies in the fiction that salaried workers who work from home due to travel restrictions remain taxable in the state where they previously exercised their professional activity before the outbreak of the corona crisis. However, this tax fiction strictly applies
Consider direct tax requirements and opportunities at year-end
As the year-end is now rapidly approaching, this newsflash lists some corporate tax compliance formalities and attention points still to be considered in the remaining weeks of 2021. 20 December – Final call for advance tax payments for assessment year 2022 Companies with a year-end closing on 31 December 2021 can still make an advance tax
Changes to the Belgian expat tax regime – draft law filed in parliament
On December 1st, the Belgian government formally filed draft legislation in parliament regarding i.a. changes to the Belgian expat tax regime (see our heads-up article published on 15 October). The draft legislation is very likely up for formal vote by the end of this month. The essential characteristics of the draft legislation can be summarised
New call Green Power! Support for solar panels and wind turbines
The Flemish Energy and Climate Agency (VEKA) has launched a new project call to support companies and organisations investing in new solar panels and wind turbines in order to accelerate the green energy transition in the Flemish region. The solar panels should be PV (photovoltaic) installations with inverter power from 40 kW to 2 MW
