Latest news & developments
Advance tax payments: Reduced surcharge announced
As a result of decreasing ECB interest rates, the surcharge for making no or insufficient advance tax payments has been fixed at 6.75% for the assessment year 2026, i.e. for financial years closing as per 31 December 2025 or in 2026 if the financial year closes prior to 31 December. As you might recall, this
The Impact on doing business globally and in Europe of the US Presidency
As the US is the largest economy globally, the economic policies of a US presidency play a crucial role in the dynamics of the global economy, influencing supply chains and affecting the remote work landscape worldwide. US presidents can use a range of policies that can either stimulate or hinder foreign, inbound or outbound trade,
The EU proposes sharper Carbon Border Rules: EC proposes key amendments ahead of the 2026 definitive CBAM phase
The European Commission (EC) has published a legislative proposal to amend the EU Carbon Border Adjustment Mechanism (CBAM) Regulation. The proposed amendments include simplifications for importers of small quantities and more strict enforcement measures. The EC main adjustments to fine tune the CBAM for the financial phase While the EC has reaffirmed its commitment to
Upcoming due date for submitting investment deduction applications for certificates: 31 March 2025
As the year progresses, it is important to remain vigilant about upcoming deadlines in relation to the Belgian investment deduction (tax credit) regime, specifically the deadline for submitting the application form to obtain a certificate is approaching. Please find below an overview of the submission deadlines for the R&D investment deduction (tax credit) and energy-saving investment
Future capital gains tax on the sale of shares of companies: complexity around the valuation of the company
As widely known by now, the budget note from De Wever I includes a capital gains tax on shares. Although not many details are known yet, the note stipulates that there will be a general solidarity contribution on the future realized capital gains of financial assets, accrued from the moment of the introduction of the
De Wever I – Federal government agreement – Main considerations from a corporate income tax perspective
On 31 January 2025 a new Belgian federal government agreement was reached by the so-called ‘Arizona’ coalition. This federal government agreement contains – amongst others – various new tax measures and related changes to the existing legislation with a focus to reduce the tax burden on labour, to increase Belgium’s competitiveness and to try to
Transformative Indirect Taxes Reforms to Boost Sustainability, Efficiency, and Transparency in Belgium
As part of the recent government agreement, the new Belgian government has introduced a series of proposed changes in indirect taxes aimed at supporting sustainability, enhancing transparency, and simplifying the tax system. Below are the key highlights designed to create a more efficient fiscal environment that aligns with climate objectives, reduces administrative burdens, and combats
Federal government agreement – Main considerations from a tax incentive perspective
The new Belgian Federal Government Agreement for 2025-2029 introduces a number of reforms aimed at creating a resilient, innovative and sustainable economy capable of competing on the global stage while simultaneously investing in a sustainable future. In order to achieve this objective, the government will take measures aimed at stimulating innovation, circularity and reducing costs
