Tax & Legal Update
What’s in the revised ViDA proposal?
On 8 May 2024, the European Commission published an updated proposal for the VAT in the Digital Age (ViDA) package, to be discussed at the June ECOFIN meeting with the aim to reach an agreement during the Belgian Presidency of the EU Council. The…
Pillar 2: Registration obligations in Belgium and UK
Work on the introduction of a global minimum tax under Pillar 2 is gaining momentum. In this context, we bring to your attention new registration obligations in Belgium and the UK.
Get ready for IFRS 18 Presentation and Disclosure in Financial Statements
New accounting standard IFRS 18, which replaces current IAS 1 Presentation of Financial Statements will be effective from 1 January 2027. It will be applied retrospectively and available for early adoption.
Double taxation treaty with Belarus partially suspended
The Ministry of Finance has announced that the implementation of a part of the Treaty with Belarus shall be suspended in the period from 1 June 2024 to 31 December 2026.
New withholding tax rules
The Council of the EU has approved new rules on the application of withholding tax on dividends and interest (the FASTER Directive), but their effectiveness has been postponed until 2030.
Another call for support for photovoltaics announced
Since 15 May 2024, it has been possible to submit applications for subsidies under the RES+ Call No. 2/2024 – Photovoltaic power plants with a capacity of more than 1 MWp, within the Modernisation Fund.
Subsidies for energy saving measures
On 10 May 2024, the Ministry of Industry and Trade announced the second call under the Energy Savings Programme (OP TAC). The call supports activities consisting in energy savings in enterprises, including the reduction of energy consumption of real…
Fuel sales: new GFD interpretation of windfall tax
The Czech Statistical Office has updated the classification of activities according to the CZ-NACE. This may affect the scope of payers of windfall tax relating to the sale of fuel.
New rules of work through digital platforms under way
The European parliament has approved the text of a directive on improving working conditions in platform work. The main aim of the directive is to improve the working conditions of platform workers, regulate the way platforms use algorithms, and…
Amendment to VAT Act 2025 heads to chamber of deputies
Below, we are bringing you up to date on the amendment to the VAT Act 2025. The draft amendment has already gone through the comment procedure, and the version for the government meeting has been published. It contains several changes after the…
Employers’ information obligation towards Labour Office to be fulfilled…
Following an extensive amendment to the Employment Act, the Ministry of Labour and Social Affairs has presented a new plan for digitisation, with a view to simplify its administration and improve its services. Among other things, this digitisation…
Tax cooperation on crypto-assets: what does draft implementing law contain?
The Ministry of Finance has prepared an amendment to the Act on International Cooperation in Tax Administration, which implements the EU directive on the introduction of the automatic exchange of information reported by providers of services with…