Taxpayers need to be aware of the transfer pricing documentation requirements and the applicable deadlines in advance of the transfer pricing compliance season.
The transfer pricing reports filed by taxpayers may suggest which ones will be selected for a transfer pricing audit. However, there may be certain steps that taxpayers can take to reduce the audit risk.
Belgian taxpayers have an obligation to prepare and file the following forms if certain thresholds are met (pursuant to Belgian tax law that is in turn based on the OECD’s BEPS Action 13):
In view of these upcoming transfer pricing compliance deadlines, there are certain issues that taxpayers may need to consider.
Read a September 2020 report prepared by the KPMG member firm in Belgium
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