Latest news & developments
Circular letter on the Belgian CFC rules (Circular Letter 2024/C/82 December 13, 2024)
On 13 December 2024, the Belgian tax authorities issued a circular letter (Circular Letter 2024/C/82 December 13, 2024) regarding the new Belgian Controlled Foreign Corporation (CFC) regulations and a circular letter (Circular Letter 2024/C/83 December 13, 2024) regarding changes from a tax procedural perspective. Almost one year ago, the program law of 22 December 2023
Flash Update: New Position of Belgian VAT Authorities on Credit Insurance
The Belgian VAT authorities have issued a new circular (Circulaire 2024/C/80) that significantly alters the current approach to VAT recovery for insurers and clients involved in credit insurance. This change stems from the European Court of Justice’s ruling on February 9, 2023, in the case of Euler Hermes SA Magyarországi Fióktelepe (C-482/21). Key Changes as
Navigating DAC 7: Upcoming deadlines and obligations for platform operators
Year end is approaching. Digital platform operators should be mindful of the upcoming deadlines. As a platform operator, it’s crucial to keep an eye on the reporting obligations in and outside of the EU. In March 2021 the Council of the European Union adopted new transparency rules and disclosure obligations for digital platforms, also known
Important Update regarding Reimbursement of Home-Charging Costs – Circular Letter 2024/C/77 of December 5, 2024
In 2021, the ‘green revolution’ within the Belgian mobility landscape was introduced. The legislator drastically intervened in the social and tax treatment of combustion engine vehicles to ensure that the Belgian vehicle fleet would electrify at a rapid pace. Based on information provided by Statbel the number of electric vehicles has increased with almost 255%
HR measures in the “Super nota of Bart De Wever” – What was on the table
For years, there has been a pressing need to reform Belgium’s stringent labour legislation. The so-called “Super Nota” of Bart De Wever contains several key items that could drive considerable improvements in this field. More specifically, the proposals aim to make the labour market more flexible while guaranteeing social protection and increasing the purchasing power
EUDR update: What does the EU Parliament vote mean for companies?
Last week, the European Parliament adopted a motion that confirms the one-year delay in the Regulation’s application proposed by the European Commission and approved by the EU Council last month (1). However, the MEPs also passed a new amendment establishing a ‘no-risk’ country category. The fate of this amendment, along with the one-year delay, now
VAT 6%: Extension of transitional measures for demolition-reconstruction
The Minister of Finance announced yesterday an extension until June 30, 2025, of the transitional measures for the demolition-reconstruction of housing at a VAT rate of 6%. This measure is welcome, considering that many construction projects have been delayed, particularly due to weather conditions, and that the new measures outlined in the De Wever note
ECOFIN approves VAT in the Digital Age package
On 5 November 2024, the EU Finance Ministers at ECOFIN approved the latest version of the VAT in the Digital Age (ViDA) package released on 30 October 2024. This is positive news given that Estonia had earlier raised concerns in relation to the platform rules, a matter which was the subject of compromise discussions throughout
