Welcome to the Field

Daily Allowance for Foreign Business Trips

The popularity of cryptocurrencies has soared in recent years, yet they do not fit easily within IFRS’ financial reporting structure.

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and amendments are published by the International Accounting Standards Board (IASB). These changes have the potential to significantly impact the presentation of a complete set of financial statements, and 2025 is no different.

The EU Deforestation Regulation (EUDR) sets strict requirements for deforestation-free and traceable supply chains. Learn what the regulation entails, who is affected, and how companies can prepare for the proposed delay in enforcement.

Living in your second residence abroad can have unexpected tax implications for your estate. This text explains how to avoid double taxation of your estate and why seeking advice beforehand is important.

IFRS Foundation publishes near-final illustrative examples on reporting uncertainties in the financial statements

Revenue recognition is a critical aspect of financial reporting for all reporting entities. Ensuring it is applied consistently and comparably across industries and capital markets is essential.

Revenue recognition is fundamental in all businesses, and it is important that it is recognised in a consistent and comparable way across industries and capital markets.

Real estate without borders: Tax insights for Dutch nationals in Belgium and Belgian nationals in the Netherlands

Belgium's New Capital Gains Tax: What You Need to Know

Filip De Clercq takes over family logistics firm Gilbert De Clercq, supported by Grant Thornton’s M&A and advisory experts to drive international growth and succession planning.

"Flanders is introducing stricter rules on chain liability in the event of illegal employment from 2026. Contractors and principals are to become criminally liable if they do not sufficiently check whether their subcontractors employ foreign workers legally. The new legislation imposes an extensive due diligence requirement, with mandatory documentation and an obligation to report to the social inspectorate. Non-compliance can lead to heavy fines or imprisonment."

Business combinations where the accounting is incomplete at the reporting date

A business combination often results in a fundamental change to an entity's operations. The nature and extent of the financial statement disclosures can significantly impact a user's ability to assess the effects of the acquisition on the consolidated financial statements. Accordingly, the disclosure requirements for business combinations under IFRS 3 ‘Business Combinations’ are quite extensive.

Starting 1 January 2026, all Belgian VAT-registered businesses must issue structured electronic invoices for B2B transactions. This article outlines the formal requirements for invoices, including mandatory content, language, and currency rules. It also explains the legal consequences of non-compliance, such as VAT deduction refusal and penalties, and highlights the importance of invoice accuracy and supporting documentation.

Share-based payments have become increasingly popular over the years, with many entities using equity instruments or cash and other assets based on the value of equity instruments as a form of payment to directors, senior management, employees and other suppliers of goods and services.