Latest news & developments
Implementing CRD V into Belgian law – we’re almost there…
In our newsflash dated 5 March 2021, we informed you of the draft law transposing certain EU directives into Belgian law that was approved in a first reading. One of those directives was the fifth Capital Requirements Directive (CRD V). On 27 May 2021, the Belgian government introduced a definitive version of the draft law
New lump-sum amount for reimbursement of business use of private car.
Employees using a privately-owned car for business purposes can now be reimbursed a lump-sum amount of EUR 0.3707 per kilometre. Costs that an employee incurs when using a privately-owned car for business purposes can be reimbursed by the employer free of income tax and exempt from social security contributions. Repayment can be made on a
Update COVID-19 and cross-border employment: Agreements with France and Luxembourg extended
In our newsflash of 12 March 2021 and our newsflash of 2 April 2021 we referred to the extension of the mutual agreements between Belgium and Luxembourg / France, which includes a “force majeure tolerance” for cross-border workers in relation to government imposed COVID-19 (travel) restrictions. With large parts of the population vaccinated, the end
Tax Bites Podcast – Tax Control Framework
Tax Control Framework: be in control of your taxes – and prove it ! With reputational and financial damage at stake, the need to be in control of your taxes and have sound tax risk management is rising rapidly. This transformation is especially important – and also challenging – in a tax landscape where sustainability,
PwC’s podcast voor de (semi)publieke sector – De nieuwe klokkenluidersregeling
In de podcast leggen we uit wat de impact zal zijn van de nieuwe klokkenluidersregeling op de (semi)publieke sector. In de eerste plaats nemen ze de krachtlijnen van de nieuwe wetgeving onder de loep. Daarnaast geven ze een aantal concrete tips bij het implementeren van een dergelijk klokkenluiderskanaal. Geïnteresseerd om meer te weten? Beluister dan
New Administrative Circular regarding the Belgian Tax on Savings Income – Asset Test and BTIS computation in case of funds of funds
On June 10, 2021, the Belgian tax administration has issued the Administrative Circular number 2021/C/56 regarding the Belgian Tax on Savings Income (“BTSI” hereafter – article 19bis of the Belgian Income Tax Code). Circulaire 2021/C/56 – French Circulaire 2021/C/56 – Dutch The main objective of the above-mentioned circular is to highlight methodological points regarding the
G7 commits to a global minimum tax of at least 15% and taxation of digitalised economy
The G7 finance ministers published on 5 June 2021 a Communiqué announcing that they reached a high-level political agreement on a global tax reform. In particular, they agreed on the reallocation of a share of the profits of certain multinational enterprises to market jurisdictions (Pillar 1) and a global minimum tax of at least 15%
Country-by-country reporting goes public!
On 1 June 2021, representatives of the European Parliament and the Council under EU Portuguese Presidency negotiated a Draft Directive on public country-by-country reporting (‘Public CbCR’) for big multinational groups. They provisionally reached a compromise agreement. Once this political agreement is endorsed, it requires European or non-European multinational groups or standalone undertakings to publicly disclose
