Latest news & developments
Salesforce B2B and B2C Commerce Cloud: How the journey started
Author of this article: Bernard Van Heuverswyn (PwC Salesforce Team) Salesforce, a CRM? Yes, and then some! Salesforce was founded in 1999 by a small group of people including Marc Benioff, its current CEO. What was his idea? A customer relationship management (CRM) platform as SaaS (Software as a Service), without the need to worry
Upcoming due date for electronic filing of BEPS 13 related documents: 31 December 2019
Transfer pricing documentation has become an integral part of the compliance obligations of Belgian entities. The criteria, formalities and deadlines should therefore be followed up closely. Please find below a short summary of the obligations to be complied with by 31 December 2019. What? A Belgian entity part of a multinational group exceeding at least one
Year-end approaching, don’t forget the last advance tax payment on your checklist
As year-end is approaching, Belgian corporate tax payers are preparing to close their financial year and are preparing the start of a new one. If your financial year is ending on 31 December 2019, it may be worthwhile to take into account the last due date for making an advance tax payment (i.e. 20 December
Draft bill involving significant changes on 30% EBITDA rule
On 26 November 2019, a draft bill containing various tax provisions was submitted to the Belgian Chamber of Representatives. Several upcoming changes are related to the interest deductibility limitation (i.e. 30% EBITDA rule) which was introduced in the 2017 corporate income tax reform and applicable as of 1 January 2019 (assessment year 2020). If enacted,
OECD Secretariat seeks input on global minimum tax design
On 8 November, the Organisation for Economic Co-operation and Development (OECD) Secretariat published a Public consultation document: the Global Anti-Base Erosion Proposal (‘GloBE’) (Pillar II) which seeks stakeholders’ views on the introduction of common global minimum tax rules across the more than 130 countries participating in the OECD Inclusive Framework. Such rules would operate through top-up taxes
R&D wage withholding tax incentive audits – Mind the formalism and prepare yourself
As mentioned in our earlier newsflash the Belgian tax authorities have been issuing extensive and numerous tax audits with respect to the application of the wage withholding tax exemption for Research and Development over income year 2017. Please find hereafter some very important key takeaways. Mind the formalism and be prepared to substantiate the incentive claimed!
Update: Brexit extension and new UK elections
The European Union agreed on a ‘flextension’ of the Brexit deadline to 31 January 2020 with the option for the UK to leave the EU earlier if the (re)negotiated Withdrawal Agreement is approved by both the UK Parliament and the European Parliament before that date. Specific terms were, however, specified by the EU27 as regards
Brexit Update – No Brexit deal Vote: MP’s force PM Johnson to seek further extension
The UK Parliament was set to vote on PM Johnson’s exit deal today in its extraordinary Saturday sitting. The Letwin amendment (voted by 322 to 306) however prevented the vote on the Brexit deal. The amendment as introduced by Mr Oliver Letwin says the House of Commons would “withhold support” from Johnson’s plan until all
