Latest news & developments
EU Commission publishes guidance on the Packaging and Packaging Waste Regulation (PPWR)
On 30 March 2026, the European Commission published a guidance document and an accompanying set of Frequently Asked Questions (FAQs) on the implementation of the Packaging and Packaging Waste Regulation (PPWR) (Regulation (EU) 2025/40). These documents aim to facilitate the uniform application of the new packaging rules across the EU and to simplify compliance for economic operators and Member States. Background The
Introducing Our New Monthly Trade and Customs Insights Series
Your window into trade and customs trends Navigating the fast-moving world of global trade, customs, and regulatory change can be complex. Our mission is to make it simpler for your business. That’s why we’re launching a new monthly Trade & Customs Insights report, now available on our PwC Website. Each edition provides a clear, curated overview of the latest developments in
Belgium Publishes Draft IIR Top-Up Tax Return for Public Consultation
On Thursday 19 March 2026, the Belgian tax authorities published the draft Income Inclusion Rule (“IIR”) top-up tax return and accompanying explanatory notice for assessment year 2024 (covering fiscal years starting at the earliest on 31 December 2023 and closed at the latest on 30 December 2024) and 2025 (covering fiscal years starting at the earliest on 31 December 2024 and closed at
Belgian Court confirms: you can transfer more ‘interest deduction capacity’ than you have
In Belgian acquisition structures, the application of the 30% EBITDA interest limitation creates significant uncertainty. Although the law permits the transfer of excess interest deduction capacity within Belgian groups even in excess of the transferring entity’s own capacity, the tax authorities have adopted a restrictive interpretation which is particularly negative for Finco’s. Recent case law
Update on the modernisation of the VAT chain
As of 1 May 2026, the next phase of the Belgian modernisation of the VAT chain will take effect. The most significant change is that the current VAT account will be replaced by a new VAT provision account. The VAT returns for April 2026 and the second quarter of 2026 will be the first periodic returns to be recorded in
Tax bites podcast – Trade and tariffs update – US IEEPA Tariffs Overturned and the EU–India Trade Deal Podcast
This episode covers the US Supreme Court’s ruling on IEEPA tariffs and the latest developments in the EU’s trade agenda, including the newly agreed EU–India trade agreement, and what it could mean for your businesses. Listen here: https://www.pwc.be/en/services/tax-and-legal/tax-bites-podcast-series/episode-63-ieepa-tariffs-refunding.html About the speakers Pieter Deré (Host) Giovanni Gijsels Missed the previous episode(s)?: You can listen
Update on the Pillar 2 Advance tax payments
Under the Pillar 2 legislation, Belgium opted to apply the tax advance tax payments schedule applicable for corporate income tax to Pillar 2 top-up taxes under the Qualified Domestic Minimum Top-up Tax (QDMTT) and Income Inclusion Rule (IIR). If no advance tax payments are made in the course of the financial year, a surcharge of 6,75% on the top-up tax due (QDMTT or IIR) will be imposed with
Advance tax payments for assessment year 2027: mind the surcharge
Belgian companies/branches have the possibility (but not the obligation) to make advance tax payments during the financial year. If corporate taxpayers do not make sufficient advance tax payments, a tax surcharge of 6.75% will be applied on the amount of Belgian corporate income tax due (upon assessment) which is not covered by advance tax payments. It is therefore strongly recommended to ensure that sufficient advance tax payments are made timely to avoid or minimise this surcharge. Corporate
