Bill 2019-1 on various tax measures published

On 15 May 2019, a bill 2019-1 of 2 May 2019 (54-3699) containing various tax measures was published in the Official Gazette.

It, among others, improves some imperfections to the ATAD interest deduction limitation (see Belgium-1, News 31 October 2017),  aligns the taxation of capital gains on vehicles, deals with the taxation of holiday pay in the catering industry and abolishes the requirement to have journals of mainly fee earners being numbered and certified by a competent tax official.

In particular, it also amends the transfer pricing documentation rules, providing that Belgian group entities are not required anymore to notify each year the Belgian tax administration which group entity is considered to be the ultimate parent entity. As of reporting periods ending on or after 31 December 2019 this is (subject to evaluation of a period of three years) only required upon a change of the ultimate parent entity.

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