miércoles, 29 de junio de 2016

Belgium introduces new transfer pricing documentation obligations

On June 2, 2016 the Belgian Government introduced before Parliament a draft Program Act setting forth the blueprint of how Belgium aims to introduce the product of the OECD’s BEPS Action 13 into Belgian tax law. In essence, Belgium will introduce formal transfer pricing documentation requirements, compelling multinational groups with operations in Belgium – subject to certain conditions – to submit a Master file, Local file, and country-by-country (CbC) report.

It is expected that the draft Program Act will be approved before Parliament’s summer recess and will apply to accounting years that started on or after January 1, 2016.

Source & more info: PwC

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