The OECD publishes its guidance on the transfer pricing implications of the COVID-19 pandemic
During the outbreak and spreading of the COVID-19 pandemic, many businesses faced or are facing significant cash flow constraints, disruption to their supply chains, or even forced (temporary) closing for business. The long-awaited OECD guidance on the transfer pricing implications of the COVID-19 pandemic was finally published on 18 December 2020. A plea for practical
New Royal Decree of 23 September 2020 extends obligations of the Belgian UBO register
On 1 October 2020, the Royal Decree of 23 September 2020 was published in the Belgian Official Gazette which amends the Royal Decree of 30 July 2018 on the modalities of operation of the UBO register. In addition to textual adjustments and technical corrections, the new Royal Decree introduces new (disclosure) obligations. Supporting documents to
eStox, a digital shareholders’ register for companies
The shareholders’ register is an important cornerstone for every company. A shareholders’ register provides an overview of who the shareholders are, when they became shareholders and which shares a company has. Paper shareholders’ registers involve multiple risks. They can get lost, entries can be incomplete or there can be discussions about who has the voting
Annual confirmation of information in the Belgian UBO register
We refer to our previous communication regarding the Belgian UBO register. Under the anti-money laundering legislation, all companies, (international) non profit organisations, foundations, trusts and legal entities comparable to trusts under Belgian law had to register their ultimate beneficial owners in the Belgian UBO register by 31 December 2019 at the latest. In addition to
Following the right procedures more important than ever when in financial distress
As the spread of Covid-19 undoubtedly has a huge impact on the economy, a significant number of companies will very likely be confronted with losses, possibly putting the going-concern of their business into question. Besides the necessary disclosure in the annual management report so as to reflect and elaborate on such impact in the “post-closing”
Administrative tolerance with respect to the UBO-register: no fines until 31 December
In previous news flashes we already informed you about the implementation of the UBO-register, the extension of the deadlines and the updates of the Frequently Asked Questions (FAQ). In the UBO-register, all legal entities need to register their ultimate beneficial owners. The deadline for the registration is set at 30 September 2019. In the absence
Belgian subsidiaries of a listed company to register their corporate structure in the UBO-register
In previous news flashes we already informed you about the implementation of the UBO register, the extension of the deadlines and the updates of the Frequently Asked Questions (FAQ). In the updated version of the FAQ, published on 19 July 2019, the Belgian authorities stated that listed companies are exempted from registering their UBO’s if
Listed companies and the UBO register: not always an exemption!
In previous news flashes we already informed you about the implementation of the UBO register, the extension of the deadlines and the updates of the Frequently Asked Questions (FAQ). In the updated version of the FAQ published on 19 July 2019 the Belgian authorities stated that listed companies are exempted from registering their UBO’s if they are subject
