New transfer pricing documentation & country-by-country reporting requirements introduced into law in Belgium
Belgium's Program Act has introduced a statutory transfer pricing documentation requirement for companies which applies from assessment year 2017. Companies need to get ready by starting the process of collecting the necessary information now," comments Marie-Lise Swinne, partner at Tax Consult in Belgium.
Companies the new requirements apply to
The CbCR requirements have been introduced in Belgium ensure compliance with provisions laid down by the OECD and EU. They are applicable to groups with consolidated gross revenues of more than Euros 750 million (gross revenues includes gross operating revenues, gross financial revenues and gross extraordinary revenues)...