OECD – Paper on transfer pricing comparability data and developing countries released for comment
On March, 11th 2014, the OECD released a paper on transfer pricing comparability data and developing countries for comment. The paper sets out and briefly discusses four possible approaches to address the concerns over the lack of data on comparables expressed by developing countries. Background OECD and non-OECD countries frequently express concerns about the availability
Panel debate on the changing Belgian TP landscape
On 25 February 2014, a flagship event was held reflecting on the changing transfer pricing (TP) environment in Belgium. Two senior representatives from the Belgian administration and one delegate from the Organisation for Economic Cooperation and Development (OECD) shared interesting insights during a panel debate on how they feel that the Base Erosion and Profit Shifting (BEPS) project
Public comments on the OECD TP documentation and CbC Reporting
On 30 January 2014, the OECD invited comments from interested parties on the Discussion Draft on transfer pricing documentation and country-by-country reporting related to Action point 13 of the BEPS Action Plan. On Monday 03 March 2014, the OECD published the comments received, which will be discussed by Working Party No. 6 of the Committee on
France introducing new transfer pricing provisions in the 2014 Finance Law
The 2014 Finance Law was adopted by the French Parliament on 19 December 2013 and was published in the French Official Journal on 30 December 2013. Background One of the core objectives of the 2014 Finance Law is to achieve structural balance with regards to public finances and to reinforce the fight against fraud and
Latest VAT developments in Belgium for 2014
Further to the number of different VAT changes that have taken place in Belgium, we thought it important to provide you a short recap of all recent VAT developments that have come into force as from 2014 and which could have some impact on your business. If you have questions with regard to the changes
Update on recent VAT developments in Belgium
At the end of each calendar year, a number of important decisions that could have an influence on the VAT situation of your business are usually taken by government officials. Therefore please find below a recap of the most relevant decisions that have already been taken or have been launched for approval in Parliament. Change
Transitional regime extended for the year 2014 & Opening of infrindgement procedure against Italy
Belgian VAT Tax point rules: extension of the transitional regime by one year Based on the implementation of the Invoicing Directive 2010/45/EU in Belgium, the issuance of an invoice prior to a taxable event is no longer considered as a tax point for Belgian VAT purposes as of 1st January 2013. As a result thereof,
All lawyer fees subject to VAT as of 1 January 2014 – New practice note published
The Act of 30 July 2013 (NL/FR) confirmed the removal of the Belgian VAT exemption for services of lawyers with effect from 1 January 2014. As a result, VAT has to be applied to all fees and costs charged for lawyer services rendered as of 1 January 2014. To do so, in principle, all Belgian-based
