There has been a lot of discussion in recent months about the digitalisation of the economy, and its potential to change the fundamentals of today’s international tax framework through pillars 1 and 2. We’ve now entered the final stretch. On 12 October, the OECD released almost 500 pages on the technical background to the tax challenges arising [ER1] from the digitalisation of the economy. They are seeking input by December 2020 for a public consultation, and have set a deadline for inte...

Digitalisation of the economy— the wide impact of pillars 1 and 2

We are facing times of unprecedented changes and challenges. Taxation has been closely connected to geopolitical developments in the past century, given the connection between tax revenues and public expenditure. In this podcast series we reflect on the relevance of the geopolitical developments in view of tax policy. We provide an insight into the main tax policy developments that you should be aware of. Our EU tax bites focus on direct tax developments in the EU and beyond.

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In this episode of Tax Bites Podcast, we delve again into the intricate world of Pillar 2, what countries have done so far and we put a spotlight on Belgium's implementation of the new rules. Join us as we dissect the latest updates and explore the nuances of Belgium's implementation of this global tax initiative.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

Pillar 2 latest state of play & a closer look into Belgium’s implementation

A first critical look at the items addressed by the Administrative Guidance! In this episode, we share our first impressions of the Administrative Guidance on Pillar 2 published by the OECD on Monday 18 December 2023. A wide range of issues related to transitional safe harbours, the GloBE Rules and the Commentary are addressed in the guidance. In addition, a new timeline with respect to Pillar 1 - Amount A was released. Tune in to get our first take on the released material!Don’t forget ...

New Administrative Guidance on Pillar 2 and new timeline Pillar 1 - Amount A

Future-proofing your statutory reporting function: managing transformations in the STAT & tax functionIn this fifth and final episode of our mini-series, we want to bring it all together. How do companies deliver in practice on the transformation of their STAT & tax function. How do they start such transformation projects? How do they manage execution and ensure continuity during the transformation? And finally, what does the future hold once the transformation project is completed? W...

Future-proofing your statutory reporting function (Part 5)

In this episode, we unravel the intricacies of the Carbon Border Adjustment Mechanism (CBAM) introduced by the European Commission. From targeted industries to a two-phase implementation, we break down why CBAM matters and its impact on businesses. Explore critical deadlines, challenges, and practical steps for companies in the affected sectors. Tune in for key insights and ensure your organization is prepared to navigate the evolving landscape of carbon pricing in the EU.Have a look at all o...

Decoding CBAM: Navigating Carbon Pricing in the EU

In this episode the speakers elaborate on PwC’s recently published Pillar Two Guide for EMEA Multinational Enterprises, which sets out the steps you need to take to be Pillar 2 compliant. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

Digitalisation of the economy— the wide impact of pillars 1 and 2

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