Belgium Following the Recent Excess Profit Rulings Decision

Journal
Heyvaert, W.E.C.; Sheikh Mohammad, V.
Belgium; European Union
European Taxation 2020 (Volume 60), No. 5
Format/Price
JournalUSD 45

In this article, the authors comment on the Belgian excess profit rulings saga. After a short overview of the legal and factual background to the case, they examine the Commission’s negative decision and recovery order. Subsequently, they analyse the General Court’s decision and discuss its potential impact on the current proceedings pending before the EU judiciary. Finally, they reflect on the impact of the ongoing process on Belgium’s reputation on the international tax scene as an investor-friendly jurisdiction.