taxnews.ey.comPrint

21 June 2016

Belgium to implement formal transfer pricing documentation and country-by-country reporting requirements

The Belgian Government has approved new draft legislation to effectively implement country-by-country reporting (CbCR) and introduce formal transfer pricing documentation requirements in Belgium. On June 2, the draft legislation was submitted to the Belgian Parliament and is expected to be approved in the coming weeks. The draft legislation is generally in line with the three-tiered approach of Action 13 of the Organisation for Economic Co-operation and Development (OECD) Base Erosion and Profit Shifting (BEPS) project. If the Belgian Parliament approves this legislation, qualifying Belgian companies and establishments will have to comply with these new requirements for financial years starting on or after January 1, 2016.

A Tax Alert prepared by Ernst & Young Belgium, and attached below, provides additional details.

———————————————
ATTACHMENT

Full text of Tax Alert 2016-1078

Document ID: 2016-1078

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement