The latest developments on the country by country reporting requirements in Capital Requirements Directive IV
This Newsflash summarises the developments from the past 3 months and our current understanding of the issues and uncertainties created by Article 89. Recent developments It is now confirmed that HM Treasury (‘HMT’) will be the body responsible for transposing Article 89 into UK domestic legislation rather than the Prudential Regulatory Authority. With an implementation
New budget measures: Bill of 8 July 2013
Tax treatment of Belgian regulated investment companies The tax regime of Belgian regulated investment companies would be amended: The withholding tax levied on Belgian source dividends paid to Belgian regulated investment companies would, as a rule, constitute the final tax in their hands (no credit/refund would be possible anymore). However, by dispensation to this general
The latest developments on the transparency requirements in Capital Requirements Directive IV
This Newsflash reflects our current understanding of the issues at the time of writing. We expect our understanding to develop over time, and the Newsflash will be updated accordingly. Recent event – Plenary sitting of the European Parliament – April 2013 On 16 April 2013 the European Parliament voted to adopt a directive requiring detailed
Belgium: Discrimination of foreign investment companies – A first practice note published
The Belgian tax administration has recently published a practice note dealing with the consequences of the CJEU’s decision of 25 October 2012 Although restrictive on many aspects, this practice note nevertheless constitutes a positive sign and addresses various topics of importance for foreign investment companies having filed withholding tax claims in Belgium: Priority Handling: First
Basel III & beyond: revised Liquidity Coverage Ratio (LCR)
Background to the changes The key changes High Quality Liquid Assets Cash outflows and run-off rates Cash inflows Application of the metric Monitoring tools PwC preliminary assessment Introduction On 7 January 2013 the Basel Committee on Banking Supervision (BCBS) issued a finalised standard on the Liquidity Coverage Ratio (LCR). The LCR forms one of
Tax issues around interest from fixed-income securities: new circular letter
On 25 January 2013, the Belgian tax administration published a circular letter on the Belgian tax regime of structured products characterised by an uncertain return on investment given the variation of the coupons or the modalities of reimbursement at term. Are in scope of this circular the securities whose return is linked to the evolution
