Stijn De Nijs

The Belgian tax authorities have now published an updated version of its initial CTCP brochure, including more details on the programme, as well as a preparation guide (/checklist) in view of (key) requirements to meet their expectations on having a “well defined” Tax Control Framework. Read our latest news article on this subject matter here: https://lnkd.in/eez2NpsR

10

The Belgian tax authorities have now published an updated version of its initial CTCP brochure, including more details on the programme, as well as a preparation guide (/checklist) in view of (key) requirements to meet their expectations on having a “well defined” Tax Control Framework. Read our latest news article on this subject matter here: https://lnkd.in/eFMfKg2V

1

Belgium requires companies subject to Pillar Two global minimum tax to submit a notification informing the Belgian tax authorities of certain details of the company’s constituent entities and legal structure.  The notification is due by 13 July 2024 and is required for all MNE Groups subject to Pillar Two with operations in Belgium, regardless of the size of the Belgian operations, where the UPE is headquartered, or whether transition CbCR safe harbour will be applied.  Below is a link to a new EY tax alert with more details on this new filing. Companies should act now to ensure timely filing of this new notification which includes details about the UPE, all IPEs, Belgian CEs, ETR blending, etc., and must be submitted through an online portal in XML format.For some companies, this filing will be straightforward and require limited effort.  For other companies, this filing will be complex and require significant effort. Contact me or any of my Tax Accounting Risk Advisory Services or International Tax Services colleagues to discuss the requirements of this new filing or for assistance to complete the submission.#eytax #beps #pillartwo #taxcompliance #taxaccounting https://lnkd.in/gWU36d2q

48

We are proud to present our latest Sustainability Report. As with the previous editions, in this new report we look at #sustainability through the lens of the universally accepted #ESG reporting framework. So we cover more than just the #environment (E) alone, we pay close attention to all three of the ESG pillars, including #social (S) and #governance (G). 👉 For each of these pillars, we’ve put in place a targeted action plan. Curious to know more about what we have planned? Download the new report for free here: https://okt.to/PA1v8c

15

Did you know that at PwC Belgium each of our lines of service has a dedicated sustainability lead? 🌱Click below and meet Jonas Van de Gucht, who ensures that climate strategy is fully integrated into our #tax operations and overall strategy.

1

Greenomy and PwC Belgium form a strategic alliance to transform client experiences in sustainability reporting By merging the technological capabilities of Greenomy with the technical and consultative expertise of PwC Belgium, the alliance is set to offer a holistic and forward-thinking approach to sustainable finance, designed to meet the dynamic needs of today’s corporations and financial institutions.

8

✅This is the time of year when many companies schedule mid-year reviews. As an employer, you might have noticed that some employees are not reaching their objectives. So what should you do, certainly in light of a possible termination of the employment relationship? 📄In their latest newsletter, PwC Legal Belgium's Pascale Moreau and Jessica De Bels lay out the best approach.

1

The first Belgian Venture Capital Market Study is out now! 📣 This week, in collaboration with our partners at BVA, we hosted Belgian VC stakeholders at the PwC Campus in Brussels to unveil the findings and assess the hashtag#VC landscape. Despite a tough year for startup and SME investment, the Belgian VC landscape appears more robust than its EU counterparts. Want to get the full picture? Discover the findings of the study: https://lnkd.in/eG2GKHXe #PwCBelgium #PwCNextLevel

10

Last year, Belgium officially implemented the Pillar 2 rules, which introduce a minimum tax for companies like yours. To ensure compliance, all affected groups must register at the Crossroads Bank for Enterprises (Kruispuntbank van Ondernemingen / Banque Carrefour des Entreprises). Stay tuned, as the detailed guidelines outlined in a Royal Decree dated 15 May 2024 will soon be published in the Belgian Official Gazette (Belgisch Staatsblad / Moniteur Belge). In the meantime, you can find the preliminary information on the Pillar 2 section of the Belgian tax authorities' here: https://bit.ly/3WQtLY8

1

📢 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗧𝗮𝘅 𝗨𝗽𝗱𝗮𝘁𝗲 𝟮𝟬𝟮𝟰 📆 June 2024 📍 Various locations #EY Belgium, is organising the 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗧𝗮𝘅 𝗨𝗽𝗱𝗮𝘁𝗲 𝟮𝟬𝟮𝟰 in Dutch and French in various locations. These seminars will address recent legislative and jurisprudential developments in the field of corporate tax, as well as the impact of the various reform projects announced. Register now for the 𝘿𝙪𝙩𝙘𝙝 sessions! #EY #EYBelgium #EYEvent #CorporateTax

3

Did you know that at PwC Belgium each of our lines of service has a dedicated sustainability lead? 🌱Click below and meet Jonas Van de Gucht, who ensures that climate strategy is fully integrated into our #tax operations and overall strategy.

8

The first Belgian Venture Capital Market Study is out now! 📣 This week, in collaboration with our partners at BVA, we hosted Belgian VC stakeholders at the PwC Campus in Brussels to unveil the findings and assess the hashtag#VC landscape. Despite a tough year for startup and SME investment, the Belgian VC landscape appears more robust than its EU counterparts. Want to get the full picture? Discover the findings of the study: https://lnkd.in/e5atGVD2 #PwCBelgium #PwCNextLevel

3

The first Belgian Venture Capital Market Study is out now! 📣 This week, in collaboration with our partners at BVA, we hosted Belgian VC stakeholders at the PwC Campus in Brussels to unveil the findings and assess the hashtag#VC landscape. Despite a tough year for startup and SME investment, the Belgian VC landscape appears more robust than its EU counterparts. Want to get the full picture? Discover the findings of the study: https://lnkd.in/e5atGVD2 #PwCBelgium #PwCNextLevel

15

The first Belgian Venture Capital Market Study is out now! 📣 This week, in collaboration with our partners at BVA, we hosted Belgian VC stakeholders at the PwC Campus in Brussels to unveil the findings and assess the hashtag#VC landscape. Despite a tough year for startup and SME investment, the Belgian VC landscape appears more robust than its EU counterparts. Want to get the full picture? Discover the findings of the study: https://lnkd.in/epVeeRei #PwCBelgium #PwCNextLevel

27

Diving into the #hospital sector in Belgium for Deloitte’s latest report has been eye-opening. Quality of medical care for patients, improved care pathways, optimisation of operational efficiency, and financial performance are driving the need to join forces. I invite you to read our report at https://lnkd.in/eTE9yFMX to learn more about the context and discover the five forms of collaboration for value creation. #DeloitteMnA #LifeSciences #Healthcare

11

The first Belgian Pillar 2 compliance milestone is out!! Belgium has issued a guidance on a Pillar 2 notification requirement. This development highlights that in addition to the GloBE Information Return (GIR), MNE groups in scope of Pillar 2 need to keep a track of local country compliance/filing requirements also, which could have different deadlines as compared to the GIR filing deadline. Key highlights of the Belgian requirements: What: MNE groups and large domestic groups in scope of Pillar 2 will have to submit a Pillar 2 notification form including, general group information, detailed information on the ownership structure, etc. When: The notification must be made no later than 30 days after the start of the fiscal year for which the multinational or large domestic group enters into the scope of Pillar 2. For those who are already subject to Pillar 2 (e.g., from 1 January 2024), the first notification will need to happen at least 45 days after the publication of the Royal Decree of 15 May 2024 in the Belgian Official Gazette. Who: The notification needs to be filed by the UPE (if located in Belgium) or another entity located in Belgium. In case of multiple Belgian entities, one Belgian entity should be appointed for the filing of the notification form through a mandate. See this alert prepared by PwC Belgium for more details: https://lnkd.in/gptz_c8m

47

2 Comments

The Belgian tax authorities have now published an updated version of its initial CTCP brochure, including more details on the programme, as well as a preparation guide (/checklist) in view of (key) requirements to meet their expectations on having a “well defined” Tax Control Framework. Read our latest news article on this subject matter here: https://lnkd.in/evwzWspx

6

ESG from compliance to added value

8