At Vandelanotte, we can introduce your company to the principles of transfer pricing, to make sure you and your staff get a clear picture of this complicated subject.
The legal requirement to prepare transfer pricing documentation already applies to fiscal years beginning on or after 1 January 2016. However, because the Decree was late in being published, the deadline for completing certain formalities has been extended.
When filing their tax returns for corporation tax, companies must report any payments made directly or indirectly to persons located in 'tax havens', using a separate form.
Due to the Programme Act of 1 July 2016, the obligations of the OECD in the field of transfer pricing documentation are now also embedded in the Belgian legislation.
On 19 July, the so-called "Anti-Tax Avoidance" Council Directive was published in the Official Journal of the European Union.
Following elaboration of BEPS Action Point 13, the Belgian legislator has included the mandatory transfer pricing documentation in the bill of June 2th 2016 for the Programme Act.