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
Income Tax: New base rate for insufficient pre-payments published
Based on Belgian income tax law, if no or insufficient prepayments are made or wage taxes are withheld at source, a tax increase will be imposed upon assessment of self-employed taxpayers and remunerated company directors. The new base rate for calculating this increase was published in the Royal Decree of 21 February 2014. As of
Mandatory e-filing of income tax returns
Since assessment year 2005, Belgian corporate entities have the possibility to file their corporate income tax return electronically.
An interview with Pascal Saint-Amans on BEPS
Interview with Pascal Saint-Amans on the progress of the OECD on BEPS.
PwC’s comments on OECD TP documentation draft and CbC reporting
PwC has released its response to the OECD’s Discussion Draft launched in the context of BEPS Action point 13. Click here to read PwC’s Comments The Discussion Draft was issued on January 30 and comments were due yesterday. A public OECD consultation meeting will follow on May 19. Needless to say that we are monitoring
Current practice of different filing deadlines is unconstitutional
In a recent court case (Court of Appeal of Ghent, 26 January 2014), the Belgian courts have ruled that the current practice of the tax authorities of providing different filing deadlines, depending by whom (the taxpayer or representative) or the manner of filing (on paper or electronically) is unconstitutional, as this violates the general principles
Momentum gathers behind the OECD Action Plan on Base Erosion and Profit Shifting (BEPS)
Download The BEPS Action Plan published by the OECD on 19 July 2013 represents the most ambitious and far-reaching attempt at reform of the global tax system in recent memory. This root and branch review of the global tax rules underpinning the world economy focuses on those cases where profits may be escaping taxation or
OECD’s Action Plan published on Base Erosion and Profit Shifting (BEPS)
Download The publication of the Action Plan and the items listed therein represent a milestone in the ongoing debate on how policy makers and governments will deal with base erosion and profit shifting in the near to long-term future. The desired outcome of the OECD’s BEPS Project is to provide balanced and effective strategies for
