The due date for both the Belgian corporate income tax return and the local form for assessment year 2018 is approaching: are you in control?
Corporate income tax return Belgian companies (and non-resident companies) have the yearly obligation to file a Belgian corporate income tax return within the statutory deadline. Filing a complete, timely and well-documented tax return is not only important to avoid penalties for not applying the correct tax treatment on a wide variety of expenses (and to
In line with the three-tier documentation approach as provided under the OECD’s BEPS Action Point 13, Belgium has enacted specific transfer pricing (TP) documentation requirements into its tax law. This alert focuses on the Local File, which specifically requires reporting on intercompany transactions. Given the complexity of the matter, we recommend not waiting until the
Companies/branches can make a first advance tax payment for the ongoing financial year by 10 April 2018 (in case of FY per 31/12). For assessment year 2019, the global surcharge has increased to 6.75% (compared to 2.25% for assessment year 2018). This surcharge will always be due. The prior year tolerance – relating to the
Upcoming due date for the electronic filing of the Master file and the Country-by-country notification: 31 March 2018
For the first year of filing of the new transfer pricing documentation, the Belgian tax authorities have granted an administrative extension for the Master file and the Country-by-country notification till the end of March. What? A Belgian entity of a multinational group exceeding at least one of the following criteria needs to submit a Master
Companies with a year-end closing on 31 December 2017 can still make an advance tax payment for the fourth quarter of the year before 20 December 2017 to avoid a tax surcharge. For assessment year 2018, a global surcharge of 2,25% will be applied to the total amount of tax due (minus certain tax credits –
On 22 March 2017, a circular letter has been published with respect to the extended scope of the reporting obligation of payments to tax havens as included in the Program Act of 1 July 2016. Belgian tax legislation (article 307 BITC 92) foresees in a reporting obligation for (in)direct payments made to tax havens(in case these