Format transfer pricing documentation reports published

As advised by the OECD, in July 2016, Belgium has implemented formal transfer pricing documentation and reporting requirement. The new rules apply to reporting periods of multinational groups, or annual periods, beginning on or after January 1, 2016.

The formats of the reports to be used by Belgian group entities have been published in the Belgian State Gazette of 2 December 2016. It concerns form 275 CBC, the Country-by-Country report, form 275 MF, the Master File, and form 275 LF, the Local File. The Local File must be submitted together with the corporate income tax return.

In addition, an explanatory note has been published, containing a “form 275 CBC NOT” which can be used to meet the “notification” requirements in respect of the filing of the country-by-country report. According to the explanatory note, is not an obligatory format.

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