Friday, 6 January 2017

Belgium – Transfer pricing documentation and country-by-country reporting obligations – detailed requirements published

While the Programme law of July 1, 2016 formally introduced transfer pricing documentation requirements into Belgian law, the Belgian tax authorities only recently published the detailed forms to be used in this respect. The publication of these forms in the Belgian Official Gazette is the final step in the formal introduction of the country’s transfer pricing documentation requirements. Belgium has now joined the increasing number of countries that have formally adopted requirements generally aligned with Action 13 of the Organisation for Economic Co-operation and Development’s (OECD) base erosion and profit shifting (BEPS) initiative.

As these documentation obligations represent a new requirement for transfer pricing purposes under Belgian tax law, multinational groups are recommended to assess their practical impact and take the necessary steps to ensure compliance.

See further details in this PwC's publication.