Belgium has implemented new Transfer Pricing documentation rules for accounting years beginning on or after 1 January 2016.
One of the documentation requirements is the Country-by-country reporting.
A Country-by-country report must be filed by every multinational group with gross proceeds of at least EUR 750 million on a consolidated basis.
In principle it is the ultimate parent company of the group that needs to file the report, but in some cases another group company must be designated.
According to Belgian tax law, the Belgian group entity must notify the Belgian tax authorities, ultimately the last day of the accounting period concerned, which group entity will file the Country-by-country report.
For accounting years ended on December 31, 2017, a one-off delay until March 31, 2018 is foreseen. Do not forget this!
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