News articles written by Stefaan De Baets

Upcoming changes to the Belgian transfer pricing documentation forms

16 July 2024

Transfer pricing documentation has become an integral part of the compliance obligations of Belgian entities since financial year 2016. A Belgian company (or a branch) that is a part of a multinational group will have to submit the form 275 LF (Local file) and the form 275 MF (Master file) in case one of the following

Royal Decree on Public Country by Country Reporting published

12 June 2024

On 6 June 2024, the Royal Decree on public country by country reporting (PCbCR) was published in the Belgian official gazette  (See also our earlier messages on the introduction of public country by country reporting in Belgium of  4 June 2021 and 17 November 2023).  This Royal Decree modifies the Royal Decree of 29 April

OECD Published Guidance on Amount B

21 February 2024

On 19 February 2024, the OECD published a report which aims to simplify and streamline the application of the arm’s length principle to in-country baseline marketing and distribution activities (the Report) (also known as Amount B under Pillar One). The first draft guidance and call for input dates back from late 2020. Quite some time

Belgium and The Netherlands agree on employees working from their home location

13 December 2023

On November 23, 2023, the Competent Authorities (CA) of Belgium and The Netherlands signed an agreement* clarifying when a permanent establishment (PE) exists for the employer in the other country if employees are working from their home location in that other country. This agreement provides welcome additional guidance on the cases in which an employee

Draft law on public country-by-country reporting in parliament

17 November 2023

Introduction In our previous newsflash regarding the public country-by-country reporting (PCbCR) directive, we informed you that EU member states must introduce the directive in their domestic legislation by 22 June 2023 at the latest.  Belgian PCbCR draft law On 10 November 2023, the Belgian draft law was finally published. As per the draft text, companies

Public Country-by-Country Reporting Directive enters into force soon

2 December 2021

With our newsflash of 16 November 2021, we informed you of the formal approval of the public country-by-country reporting (PCbCR) directive on 11 November 2021. The directive is published in the Official Journal of the EU on 1 December 2021; it enters into force on the 20th day after its publication. Member states must introduce