Americas
Hong Kong signs AEOI pacts with Belgium, Canada, Guernsey, Italy, Mexico and Netherlands
Hong Kong signed treaties with six countries on March 16 for the automatic exchange of financial account information (AEOI) in tax. . .
Belgium
Belgium
Belgium
Belgium
Belgium’s excess profits tax ruling scheme violates EU State aid law, Commission concludes
The EU Commission on Monday announced that it has concluded that Belgium’s excess profits tax regime is illegal under EU State aid . . .
Belgium
EU committee publishes letters from 13 nations on tax ruling practices
A European Parliament committee has published letters from EU member state officials describing tax ruling practices, efforts to combat tax avoidance, and compliance with EU spontaneous exchange of information directives. The letters, published by. . .
Belgium
EU Commission to investigate tax ruling practices of all EU states
The European Commission has enlarged its state aid investigation into private tax ruling practices to cover all 28 European Union states. “The Commission will ask Member States to provide information about their tax ruling practice, in particular to confirm whether they provide tax rulings, and, if they do, to request a list of all companies that have received a tax ruling from 2010 to 2013,” the Commission said December 17 in a press release . . .
Belgium
Belgium
Jersey signs TIEA agreement with Belgium
Jersey and the Kingdom of Belgium signed a tax information exchange agreement on March 13. Press Release
Belgium
EU Commission will scrutinize ‘Lux Leaks’ tax rulings for state aid violations, says competition chief
The European Commission intends to analyze leaked Luxembourg private tax rulings for evidence of illegal state aid, the European Union’s new competition chief, Margrethe Vestager, said November 20. “We consider the Lux-Leaks documents as market information. We will examine [them] and also therefore evaluate whether or not this will lead us to . . .
Belgium
European Commission asks Belgium to amend dividend taxation rules
The European Commission on March 26 made a formal request to Belgium to amend dividend taxation rules to comply with the parent-subsidiary directive. The Belgian law does not allow . . .
Belgium
EU believes Belgian tax ruling practice is state aid, seeks stakeholder feedback
The European Commission has announced that its current view is that Belgium’s excess profits tax ruling system provides for a selective advantage tantamount to State aid, and has requested stakeholder comments on this determination by July 5. According to the Commission, about 50 companies have used the program to reduce . . .
Belgium
Belgium poised to add Luxembourg to tax haven blacklist
Belgium will add Luxembourg to its tax haven blacklist, writes Luxemberger Wort in June 2 article, quoting Belgian media sources. Such a listing would create hassles for Luxembourg and Belgian companies engaged in cross-border business, as all transactions over 100,000 euros must be reported. See, Luxemburger Wort.
Belgium
EU refers Belgium to ECJ for discriminatory taxation of CIUs
The European Commission announced on October 16 that it is referring Belgium to the European Court of Justice for discriminatory taxation of collective investment undertakings
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Belgium
Belgian government agrees to tax measures
The Belgian government entered into a coalition agreement October 9, agreeing to limit the notional interest deduction regime for financial institutions and insurance companies and to modify the stock exchange tax, among other tax measures, writes Alain Huyghe, Philippe Lion, Luc Meeus, and Géry Bombeke of Baker & McKenzie in an October 10 report. For details, see Baker & McKenzie.
Belgium
EU Commission investigating Belgian tax rulings for state aid violations
The European Commission on February 3 opened a state aid investigation into the private ruling practices of the Belgian tax administration. The rulings allow multinational entities in Belgium to reduce their corporate tax liability by “excess profits” that allegedly result from the advantage of being part . . .
Africa
OECD statistics show many unresolved MAP cases in Germany, US, Belgium, and France
Germany had the greatest number of unresolved mutual agreement procedure (MAP) cases among OECD countries during the 2014 reporting period, according to OECD statistics . . .
