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21 Oct 2024 à 04:01
Tax
Country-by-Country Reporting soon to become "public"
Belgium has introduced public Country-by-Country Reporting ("public CbCR") through the law of 8 January 2024 amending the Belgian Code of Companies and Associations with respect to the disclosure of income tax information by certain undertakings and branches (Dutch/ French) ("Law"), and as further set out in the Royal Decree of 18 April 2024 (Dutch/French). This new reporting legislation implements the EU Directive 2021/2101 as regards...
10 Oct 2024 à 06:00
Bank, Insurance & Finances
"Recovery Rooms" fraud : the FSMA sound the alarm
The FSMA is again warning the Belgian public against certain companies suspected of recovery room fraud. Recovery room fraud is a practice whereby fraudsters offer to help victims of investment fraud to obtain compensation for their losses or to recover their lost assets. Generally, the fraudsters contact their victims by phone or by e-mail. The FSMA has noted, however, that victims sometimes come into contact...
08 Oct 2024 à 08:30
Business
Report on EU trade policy's implementation and enforcement
Enforcement of trade policy delivers prosperity and growth for EU companies The value of EU trade covered by the vast network of 42 agreements with 74 partners in place in 2023 was more than €2.3 trillion, having risen by over 30% over the past five years, according to the Annual Report on the implementation and enforcement of EU trade policy published today. EU exports to...
08 Oct 2024 à 04:00
Politics & Economy
Central bank losses: causes and consequences
Central banks globally have recently shifted from reporting profits to recording sizeable losses. This article looks at why these losses are occurring and their potential consequences. Can central banks continue to operate efficiently? What do these losses imply for state budgets?Article published in the Economic Review of 2024El Joueidi, S. / Vincent, E. / Wauters, J.Since 2019, Economic Review articles have been published...
30 Sep 2024 à 12:13
Accountancy
IFAC Releases Third Installment in Implementation Support Series for Small Firms on the IAASB's Quality Management Standards
Today, the International Federation of Accountants (IFAC) released the third and final installment in its three-part publication series to help small- and medium-sized practices (SMPs) implement the International Auditing and Assurance Standards Board’s (IAASB) suite of quality management standards. Installment Three: Monitoring and Remediation provides tips and guidance for the practical implementation of the monitoring and remediation of a firm’s system of quality management.Installment Three...
27 Sep 2024 à 06:00
Apps, Cloud & Digital
OECD and UN: a strategic alliance for a secure and éthical AI Future
Foster human-centred, safe, secure and trustworthy AI … Meeting on the margins of the Summit of the Future at United Nations (UN) headquarters in New York, Deputy Secretary-General of the Organisation for Economic Co-operation and Development (OECD) Ulrik Vestergaard Knudsen and the UN Secretary-General’s Envoy on Technology, Under-Secretary-General Amandeep Singh Gill, announced a new enhanced collaboration between the UN and the OECD on global AI...
27 Sep 2024 à 06:00
Business & Law
Measures to ensure complete and timely transposition of EU directives
Commission takes action to ensure complete and timely transposition of EU Directives Belgium is thus singled ou in two process of transposing European directives > Corporate Sustainability Reporting Directive > procedures for renewable energy projectsRules The Commission is adopting a package of infringement decisions due to the absence of communication by Member States of measures taken to transpose EU directives into national law. The...
22 Sep 2024 à 13:00
Politics & Economy
Which future for the European Competitiveness ? In en outs of the Draghi Report ...
06 Sep 2024 à 08:00
Tax
About Taxation and Inequality
> This report, commissioned by the Brazilian G20 Presidency ahead of the July 2024 G20 Finance Ministers and Central Bank Governors meeting, contributes to discussions on the role of tax systems in addressing inequality. It explores how tax systems can mitigate or exacerbate inequality with a focus on the distribution of income and wealth and identifies scope for potential reform. It zooms in...
05 Sep 2024 à 06:00
Business & Law
"Black and grey" lists of FATF : changes in 2024
The FATF identifies jurisdictions with weak measures to combat money laundering and terrorist financing (AML/CFT) in two FATF public documents that are issued three times a year. The FATF’s process to publicly list countries with weak AML/CFT regimes has proved effective. As of June 2024, the FATF has reviewed 133 countries and jurisdictions and publicly identified 108 of them. Of these, 84 have since made...
23 Aug 2024 à 04:00
Patrimony & personal finance
Real household income increases in most countries in the first quarter of 2024
Real household income per capita in the OECD rose by 0.9% in the first quarter of 2024, compared with 0.3% in the previous quarter, while real GDP per capita grew by 0.3% (Figure 1). All G7 economies experienced an increase in real household income per capita in Q1 2024. Italy saw the strongest increase (3.4%), driven by a rise in compensation of employees and social...
21 Aug 2024 à 08:00
Bank, Insurance & Finances
Financing SMEs and Entrepreneurs 2024, following OCDE rapport ...
02 Aug 2024 à 04:00
Tax
Strengthening International Tax Transparency on Real Estate – From Concept to Reality
In July 2023, following a request from the Indian G20 Presidency, the OECD delivered a report making the case for enhanced tax transparency on real estate and setting out a number of conceptual solutions to improve the existing architecture on a voluntary basis. Since then, technical work has continued at OECD-level to refine the understanding of the information needs of tax administrations, the information they...
31 Jul 2024 à 06:00
Tax
OECD, "think thank" of the international tax cooperation....
The OECD publishes on its website a commentary by its Secretary-General on the results of the G20 in Rio de Janeiro on international tax cooperation, namely the Ministerial Declaration (final communiqué) which you will find in the annex in English, the only language available. It seemed appropriate to communicate you in full this statement of the Secretary-General, It highlights the importance of OECD work in...
27 Jul 2024 à 06:00
Tax
Focus on key developments in international tax reform since February 2024
The OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors (G20 Brazil, July 2024) describes some of the key developments in international tax reform since February 2024, including on the Two-Pillar Solution to Address the Tax Challenges Arising from the Digitalisation of the Economy and on the implementation of the BEPS minimum standards. It also covers progress made in tax transparency...
21 Jul 2024 à 09:12
Tax
Stabilisation in statutory corporate tax rates worldwide
Statutory corporate tax rates are stabilising worldwide after a lengthy period of falling rates, according to new OECD data released on 11 july 2024 Corporate Tax Statistics shows that average statutory corporate income tax (CIT) rates have remained steady at 21.1% over the past three years. This follows a two-decade period that saw average statutory CIT rates decline from 28% in 2000 to 21.1% in...
19 Jun 2024 à 06:23
Tax
Circulaire 2024/C/43 relative à la taxe annuelle sur les opérations d’assurance
L' Administration générale de la Fiscalité – Impôt des sociétés a publié ce 19/06/2024 la Circulaire 2024/C/43 relative à la taxe annuelle sur les opérations d’assurance. Cette circulaire commente les modifications relatives à la taxe annuelle sur les opérations d’assurance qui ont été introduites par la loi du 28.12.2023 portant des dispositions fiscales diverses. ANNEXES : 2 Table des matières I. Introduction II. Textes légaux...
