Law implementing recovery procedure with regard to the Belgian excess profit provision adopted
Belgium has adopted on 22 December 2016 the law covering the implementation of the European Commission (‘EC’) decision of 11 January 2016 (‘Decision’) with regard to the Belgian excess profit provision based on Article 185 §2 of Belgian Income Tax Code 1992 (‘BITC’). The law, which has been drafted in cooperation and with the approval
European Commission announces investigation into Belgian excess profit ruling system
On 3 February 2015, the European Commission released a press release announcing an in-depth investigation into a Belgian tax provision that allows group companies to reduce their corporate tax basis with a profit part that results from the advantage of belonging to a multinational group, on the basis of what is referred to as an “excess profit” tax ruling. The press release
Luxembourg adopts new transfer pricing rules and tax ruling processes
On December 19, the Luxembourg Parliament , 2014, enacted new tax measures for corporations and individuals, including amendments to Luxembourg’s transfer pricing legislation and documentation requirements. Multinationals should consider the measures, which are effective as of 1 January 2015, as they affect their existing and future Luxembourg operations. Guidance regarding certain practical aspects of some measures
Tax ruling on real estate at ports and airports
On 10 September 2012, the Belgian Ruling Commission published an interesting tax ruling on real estate situated at airports. It is the first official publication on the subject-matter. The ruling concerns both airport operators, real estate investors and end-users (handlers, forwarders, logistics, etc. …) at airports. In essence the ruling confirms that real estate (old or new,
Tax ruling on real estate at ports and airports
On 10 September 2012, the Belgian Ruling Commission published an interesting tax ruling on real estate situated at airports. It is the first official publication on the subject-matter. The ruling concerns both airport operators, real estate investors and end-users (handlers, forwarders, logistics, etc. …) at airports. In essence the ruling confirms that real estate (old
