Belgium publishes Public Country-by-Country Reporting form and definitive taxonomy
On 24 December 2025, the National Bank of Belgium (NBB) announced that the new definitive taxonomy including the Public Country-by-Country Reporting (pCbCR) model is accessible on the Central Balance Sheet Office’s website. This update follows the transposition of EU Directive 2021/2101 regarding pCbCR into Belgian law on 8 January 2024 and the Royal Decree on 18 June 2024. As a reminder, pCbCR obligations generally apply to
Belgium partially repeals previously introduced updates to the form 275LF
On 7 December 2025, Belgium issued a new Royal Decree reversing several amendments introduced to the Belgian transfer pricing documentation forms by the Royal Decree of 16 June 2024, prior to these changes taking actual effect. Belgium’s transfer pricing documentation regime consists of the Local File Form (275 LF) and Master File (275 MF). Entities belonging to multinational groups with consolidated gross revenue of EUR
The structural risk of circular transactions
When the accurate delineation of a cash pool balance shows that the same short-term lending or depositing position remains present year after year, the OECD Guidelines detail it may be appropriate to treat such a financing position as something else, such as a long-term loan. In line with this OECD guidance, multinational groups often undertake
Arcomet case: When TP adjustments trigger VAT
Introduction The interaction between transfer pricing and VAT has long been recognised as complex. Transfer pricing rules are designed for corporate income tax, while VAT is an indirect tax based on consumption, making alignment between the two systems difficult. Both the VAT Committee and the VAT Expert Group have acknowledged these challenges. The general principle
US House Advances the ‘One, Big, Beautiful Bill’ Bill to the Senate – This could have significant implications for Belgian and other non-US Companies with US presence and investment
On 22 May 2025, the US House of Representatives approved the “One, Big, Beautiful Bill” (OBBB). The Bill is now set for Senate deliberations which are expected to follow swiftly. The Republican majority aims to have the bill signed into law by President Trump before the July 4th recess. The legislation features permanent extensions and
ECGT Directive: Prove Your Sustainability Claims Are True!
The Directive on Empowering Consumers for the Green Transition (ECGT), adopted in February 2024, marks a key milestone in ensuring consumers receive relevant and accurate information about the environmental performance and characteristics of the products and services they purchase. It amends existing EU consumer protection laws to address misleading environmental claims and unverified sustainability labels.
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
