Latest news & developments
Stay ahead in 2025 – Compliance timeline
With regulatory expectations growing stronger, ensuring timely compliance has never been more crucial. Companies are increasingly under pressure to meet deadlines and avoid costly penalties, a challenge that continues to affect many businesses. To help you stay on top of the deadlines, we’re pleased to provide a (non exhaustive) compliance timeline for 2025. Designed to
Tax Bites Podcast – New January 2025 OECD Guidance on Pillar 2
On 15 January, the OECD published a new package of guidance and information on Pillar 2. Pieter and his guests explore what is in the package, and discuss what the potential impact can be of the new guidance. We discuss the updated guidance on deferred tax assets, the Multilateral Competent Authorities Agreement and the updated
The OECD released a new package of Pillar 2 documents
On 15 January 2025, the OECD released a new package of documents including (i) the central record of legislation with qualified domestic rules, (ii) additional Administrative Guidance, and (iii) an updated version of the GloBE Information Return (GIR), the XML scheme/user guide and a Multilateral Competent Authority Agreement. List of legislations with a Transitional Qualified
Update on wage withholding tax exemptions
Update on “bis-variant” for night and shift labour” In the course of 2024, the new “bis-variant” for shift work was introduced. This temporary variant allows companies that do not meet the condition of equal size to still (partially) benefit from the exemption for shift work. The new Royal Decree clarifies that employers wishing to use
Investment Deduction: Royal Decree lists published. Consider applying this incentive!
In order to encourage investments in the green transition, the Belgian Government has revamped the existing investment deduction system, effective for investments made as from 1 January 2025 (see also our newsflash of 31 May 2024 and 2 April 2024). As a recap, the new regime is organised around three ‘tracks’: The general investment deduction
Navigating Belgium’s new tax law and its impact on DAC 7
The Belgian government has introduced a new tax law on 20 December 2024 that introduces significant amendments to the DAC 7 regulations, focusing on the responsibilities and obligations of reporting platform operators. This article delves into each of these amendments, providing a comprehensive overview of what these changes mean for platform operators. Key Amendments to
Exciting Updates in R&D Tax Law: New BELSPO Directives
BELSPO has recently worked with Belgian tax authorities to clarify the Withholding Tax (WHT) exemption process for R&D, with the goal of reaching a more uniform point of view regarding the content of the application procedure and advice. This harmonization, initiated in spring 2024, is a significant step forward, addressing the need for clearer guidelines
Circular letter on the Belgian CFC rules (Circular Letter 2024/C/82 December 13, 2024)
On 13 December 2024, the Belgian tax authorities issued a circular letter (Circular Letter 2024/C/82 December 13, 2024) regarding the new Belgian Controlled Foreign Corporation (CFC) regulations and a circular letter (Circular Letter 2024/C/83 December 13, 2024) regarding changes from a tax procedural perspective. Almost one year ago, the program law of 22 December 2023
