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Latest news & developments

14 January 2021

Next Generation Europe – Europe’s recovery and resilience plan

COVID-19 has shaken Europe and the world to its core, testing our welfare and healthcare systems, our economies and societies, as well as our way of living and working together. To facilitate the repair of the immediate economic and social damage brought about by the pandemic and prepare for a better, stable future, the European

13 January 2021

New Tax on Securities Accounts: Exemptions for the Financial Sector

On 5 January 2021, the Government published its bill introducing an annual tax on securities accounts in the Code of Various Duties and Taxes. As a recall, the tax is an annual tax on the holding of a securities account, levied at the rate of 0.15% on the average value of the account in excess

12 January 2021

PwC’s Tax Bites podcast: Tax in 2021 – what to expect?

2020 was in many ways a challenging year, with several developments materialising in the tax domain. What will 2021 bring us in the area of taxation? Listen to our first Tax Bites podcast of the year to find out. In this episode, Pieter Deré is joined by Ellen Cortvriend, Gilles Franssens and Jean-Philippe Van West to take a closer look at the

11 January 2021

Company vehicles: CO2 solidarity-contribution

The CO2-emission is and remains key when taxing cars in Belgium. In a previous newsflash, we’ve already explained which CO2-emission (NEDC, NEDC 2.0 or WLTP) should be used for tax purposes in the coming year(s). Now, also the National Social Security Office (NSSO) has confirmed that, in absence of new legislation, they will keep following

7 January 2021

Brexit does not only impact fishing territories but also M&A transactions

During the holidays and after lengthy negotiations, the EU and the UK agreed on a Brexit – deal.   As foreseen, on 1 January 2021, the transition period during which the UK was still considered a Member State of the EU and European Economic Area (EEA) has ended. Among a variety of topics, this is

6 January 2021

New legislation impacting 30% EBITDA rule

In order to address criticism of the European Commission on inter alia the Belgian implementation of the “EBITDA interest limitation rule”, the Belgian legislator has published new legislation to address those. This might impact the financing of real estate, entities that perform factoring activities or entities active in “long-term public infrastructure projects”. The scope of

5 January 2021

Update COVID-19 and cross-border employment: agreement with Germany extended

In our newsflash of 31 August 2020 we announced the extension of the mutual agreement between Belgium and Germany, which includes a “force majeure tolerance” for cross-border workers in relation to COVID-19 (travel) restrictions. Although the first vaccines have been distributed, the COVID-19 pandemic still has a huge impact on our lives. It is anticipated

18 December 2020

The OECD publishes its guidance on the transfer pricing implications of the COVID-19 pandemic

During the outbreak and spreading of the COVID-19 pandemic, many businesses faced or are facing significant cash flow constraints, disruption to their supply chains, or even forced (temporary) closing for business. The long-awaited OECD guidance on the transfer pricing implications of the COVID-19 pandemic was finally published on 18 December 2020. A plea for practical