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A comprehensive reform of the voluntary overtime system has been announced, with retroactive effect from 1 April 2026. The federal government has opted for a single, uniform framework designed to offer businesses greater flexibility, while employees can count on a clear and tax-efficient system. Below, we outline the key elements of this reform.

The CBAM will begin to have a financial impact in 2026. Find out how importers need to prepare, what impact this will have on audits and provisioning, and how Grant Thornton can help.

Proper representation of companies: how to avoid costly mistakes

In 2024, the International Accounting Standards Board (IASB), issued a new Standard IFRS 18 ‘Presentation and Disclosures in Financial Statements’. IFRS 18 replaces IAS 1 ‘Presentation of Financial Statements’ for annual reporting periods beginning on or after 1 January 2027.

The Belgian transfer pricing legislation requires taxpayers to complete and submit specific transfer pricing documentation forms, consisting of the Local File, the Master File, and the CbC notification form. The requirement applies annually to Belgian entities and permanent establishments of multinational groups that meet the applicable thresholds[M.

From 1 January 2026, Wallonia ends nearly 20 years of tax exemptions under the Marshall Plan and reinstates property tax, the compensatory industrial tax and the municipal motive power tax for industrial investments made since 2006. The reform significantly increases the tax burden for many companies and requires a detailed analysis of past and recent investments to understand the financial impact.

Due Diligence Requirement Only Applies to Certain High-Risk Sectors From 1 January 2026 This legislation applies to any domestic or foreign company that is directly or indirectly involved in the activities listed below that are carried out in the Flemish Region. In other words, it makes no difference whether you use the services of a Belgian or a foreign contractor or subcontractor: the legislation applies as soon as activities are carried out in the Flemish Region.

The special tax regime for inbound taxpayers (BBIB) and researchers (BBIO) was in-troduced on January 1, 2022, to make Belgium more attractive for international talent. This new regime replaced the old expat system for foreign executives and marked an important step toward greater legal certainty.

The IFRS Foundation has issued 'Disclosures about Uncertainties in the Financial Statements,' addressing practical application of the disclosure requirements in IFRS Accounting Standards.

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.

Youri De Vos, General Manager at Mordant Group, is structurally supported with the accountancy advice from one-stop shop Grant Thornton.

The holidays are the perfect opportunity to give your loved ones an extra treat. That envelope of money under the Christmas tree, is it just a little present, or is it actually a taxable gift?

Stay informed with Grant Thornton’s IFRS Alerts: IASB issues amendments to IFRS standards, including IFRS 19 and IAS 21, addressing disclosure simplifications for subsidiaries and clarifying foreign currency translation in hyperinflationary economies. Explore key updates and implications for financial reporting.

Sustainability is no longer an option, but a necessity. Yet many SMEs struggle with the question: How do I get started without being overwhelmed by complex reporting requirements?

The De Wever government is raising tax rates on profit distributions for small companies, placing an extra tax burden on SMEs. According to Frederik De Graeve, these measures aren’t a fair reform, but a quick fix for budget problems that are affecting the entire economy. The tax rate increases are being sold as a fight against abuse, but in reality they hit every small business. This policy leads to lower investment, higher prices and a general tax increase that affects entrepreneurs, employees and consumers. Frederik calls for a targeted and consistent approach to abuse, rather than general tax increases.

Daily Allowance for Foreign Business Trips