PwC's Tax Bites Podcast

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

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 to register for our upcoming webinar trilogue (5, 6 and 7 February). Covering the latest state of play on various developments such as Pillar 1, Pillar 2, Public CbCR, ATAD 3 and more via this link: https://www.pwc.be/en/events-courses/2023/international-tax-webinar-trilogue-2024.htmlAn initiative of PwC’s Tax Intelligence Community - your source of information to stay ahead of the curve.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

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? We also link back into the topics we touched upon in the previous episodes, closing the circle. Do not miss this last one!Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

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 our previous episodes and stay up to date on www.pwc.be/tax-bites

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

In this episode of the Tax Bites Series, following the publication of the draft Multilateral Convention on Amount A and related documents on 11 October 2023, the speakers give an overview of the current state of play of Amount A.  They discuss how Amount A may impact your organization and how to prepare for it and conclude with some key-takeaways.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

In this episode of our mini-series, the discussion delves into the concept of tax ledgers within ERP systems. Hosted by Pieter, experts Jorgen, Oualid, and Bert explore the reasons for considering tax ledgers, their benefits, and their relevance in the context of changing tax regulations like Pillar 2. The episode highlights the importance of cost-benefit analysis and offers key takeaways for organizations looking to optimize their tax processes.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

On 12 September  the European Commission published its long anticipated BEFIT proposal together with a proposal for a transfer pricing directive. In this podcast we discuss the content of these proposals and reflect on the impact for business. Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

In this episode the speakers will give an update on the current status and content of Amount B, what it means for businesses, next steps to consider along with some crystal ball predictions on the likelihood and breadth of the impact.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

Future-proofing your statutory reporting function: how to accommodate compliant local statutory ledgers in your Business ERP?In this third episode of our mini series we look at the ideal end state - dual ledger accounting. How do you ensure you meet the local statutory and tax requirements while reaping the benefits of centralization and standardization across countries? We discuss a.o. how important it is for the STAT and TAX function to be involved in ERP transformation projects and address their requirements as from the start  as well as how to monitor the continuously changing e-invoicing and e-reporting obligations to be future proof.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

Future-proofing your statutory reporting function: how to improve your statutory financials production by solving your data challengesIn this second episode of our mini series we first dive deeper into the types of STAT data as well as GAAP to STAT differences and how to accommodate for these in the most preferred way. Then we explore the use of a stat production tool like Workiva, how this can help multinational companies to standardize and streamline the preparation of statutory financial statements.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

This session is the first in a series where we will explore the topic of future-proofing the statutory reporting function and the close link to tax. We start with setting the scene, why it’s such a hot topic today. We touch upon what that future-proof model could look like as well as the framework to identify your ideal operating model for STAT reporting purposes.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

In this episode we discuss a number of business transformations topics such as digital, supply chain and the war for talent. Tax is strongly intertwined with the work to be done from a business viewpoint in these areas and can have major impact on the ultimate value generated. There’s a huge pocket of value to be generated when business and tax go hand in hand. The speakers share their experience in supporting clients both from a business advisory and tax perspective.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

In this episode, we discuss our first impressions of the 111-page Administrative Guidance on Pillar 2 published by the OECD on Thursday, 2 February 2023. A wide range of issues related to the GloBE Rules and Commentary were addressed in the guidance, and our experts also welcomed the additional clarification and examples, including those on the Qualified Minimum Top-up Tax (QDMTT) and the treatment of taxes paid under the US GILTI regime. Listen in to get our first take on the Administrative Guidance!Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

On the foot of Russia’s invasion of Ukraine, the European energy landscape is facing unprecedented challenges. The response, on the part of the European Union and its member states, is to accelerate the energy transition. Although decarbonisation of our energy systems was always on the agenda in recent years, the current crisis accentuates the need for a low-carbon and energy-independent Europe, while also underlining the necessity of supporting businesses and people through hard times. Strategies such as rethinking supply chains, or investing in renewables or alternative fuels, can take a big bite out of the yearly investment budget, on top of the high energy bills.Fortunately, the EU and national/regional governments are offering multiple incentives to cope with tight investment budgets. Ranging from the development of highly innovative technologies through to demonstration and application, a plethora of cash grants and tax incentives is on offer. Curious to find out more?Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

On Thursday, 8 December 2022, the OECD/G20 Inclusive Framework published another discussion draft in the two-pillar solution to address the tax challenges arising from the digitalisation of the economy.  The document outlines the main design elements of Amount B, a part of the two-pillar approach that until now was relatively undefined. During this podcast, the speakers discuss the main items of the discussion draft (scope, methods, documentation and certainty) to provide you with some important takeaways.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

The recent developments in the tax arena may raise some areas of concern. In this podcast the speakers address some of the recent trends discussed with prof dr vikram Chand of the university of Lausanne on 23 November 2022.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

Patrick Boone and Matthias Reyntjens look ahead to what the next months will bring in terms of economic developments, and what this means for tax policy. How will countries react, how can businesses react, and what will all this bring from a tax perspective. This podcast is the first of a series of podcasts dealing with the particular concerns for business in today’s economic environment. Stay tuned to understand the tax side of inflation, work from anywhere, business transformations and much more. Stay tuned for more!Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

In this episode of the Tax Bites podcast series, our global tax ERP leader and other tax technology experts talk about the latest major trends in the global tax ERP landscape. Get insights into the ever-changing tax obligations and the impact on data needs. Learn about how these new obligations - like Pillar 2 taxation and ESG - can be tackled within the ERP system.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites

On 11 July 2022, the OECD released a progress report on Pillar 1. In this episode, we go through the key takeaways from this report for businesses. Towards the end of the episode, we also covered a brief update on the latest status of Pillar 2.Have a look at all our previous episodes and stay up to date on www.pwc.be/tax-bites