Upcoming compliance due dates, be mindful of possible tax audit consequences
Belgian companies having a 31 December year-end should deposit their statutory BEGAAP financial statements with the National Bank of Belgium (“NBB”) at the latest by 31 July 2025. Late filing results in a number of negative consequences from a financial, director’s liability and corporate income tax perspective (see below). If the company’s statutory financial statements
The EU published the DAC9 amendments to the Directive on Administrative Cooperation in the context of Pillar 2
On 6 May 2025, the amendments to the European Directive on Administrative Cooperation (‘DAC 9’) were published in the Official Journal of the EU, following its adoption by the European Council on 14 April 2025. What is DAC9? The amendments contained in DAC9 allow the simplification of reporting for large groups with respect to Pillar
New version of the draft Belgian QDMTT return released
On 10 April 2025, the Belgian tax authorities published a new version of the draft Belgian Qualified Domestic Minimum Top-up Tax return (also referred to as QDMTT return) to be submitted by Belgian entities subject to the Belgian law introducing a global minimum tax (or Pillar 2). This new version is an update of the
Transformative Indirect Taxes Reforms to Boost Sustainability, Efficiency, and Transparency in Belgium
As part of the recent government agreement, the new Belgian government has introduced a series of proposed changes in indirect taxes aimed at supporting sustainability, enhancing transparency, and simplifying the tax system. Below are the key highlights designed to create a more efficient fiscal environment that aligns with climate objectives, reduces administrative burdens, and combats
Draft Belgian Qualified Domestic Minimum Top-up Tax Return published
On Friday 18 October 2024, the Belgian tax authorities published the first version of the draft Belgian (Qualified) Domestic Minimum Top-up Tax return (also referred to as QDMTT return or QDMTT form) to be submitted by Belgian entities subject to the Belgian law introducing a global minimum tax (or Pillar 2). What is Pillar 2?
How key interest rate cuts and stabilising inflation might impact your transfer pricing policy
The past few years the financial markets have been characterised by a significant increase in interest rates battling the surge in inflation throughout the world. Since the arm’s length principle requires intercompany transactions to appropriately reflect current market conditions, these exogenous elements have led companies to update their financing policies and more specifically their transfer
Pillar 2 Advance Tax Payments Are Live!
As announced by the Belgian tax authorities today, starting September 2, 2024, MNO groups and large domestic groups can initiate their advance payments for top-up taxes under Pillar 2, provided they have obtained their Pillar 2 group number following the mandatory notification (P2-CBE-NOT form; click here for more details). The advance payments for the minimum
Pillar 2 notification: Administrative tolerance until 16 September
On 29 May 2024, the Royal Decree was published requiring Belgian entities of a Multinational Group to register with the Crossroads Bank of Enterprises (KBO or BCE) in order to comply with the Pillar 2 compliance formalities within 30 days after the first day of the first year in scope of Pillar 2 (or before
