BDO Belgium recently initiated a data mining project to identify Belgian entities or permanent establishments of a multinational group that would potentially fall under certain transfer pricing documentation obligations that apply in Belgium.
Your company was selected by our system based on the publicly available annual accounts for the financial year preceding the most recently (to be) closed reporting period, whereby it was detected that one of the undermentioned three thresholds was exceeded.
Consequently, your company may be required to prepare and submit – this year – a Master File Form 275-MF and a Local Form 275-LF for the most recently (to be) closed reporting period. Note that not adhering to these requirements may give rise to administrative penalties and potentially increases the risk of being selected for a (possible) tax/transfer pricing audit.
If you wish to receive more information regarding the transfer pricing documentation in Belgium and what obligations your company potentially needs to fulfil, please fill out the following form so one of our experts can contact you and draw up an overview of our services and corresponding budgets.