Corporate Income Tax Alert June 2024
Belgian Pillar II legislation entered into force as from the 1st January 2024. On 21 May 2024, the Belgian Tax Authorities provided further practical guidance on their website requiring Belgian constituent entities in scope of the Belgian Pillar II legislation to be registered in the Belgian Crossroad Bank for Enterprises (see https://financien.belgium.be/nl/actueel/pillar-2-opening-systeem-verplichte-notificatie).
As such, Belgian constituent entities of multinational groups currently exceeding the € 750m consolidated revenue threshold in two out of the four prior fiscal years, will have to perform a Pillar II notification before 13 July 2024.
Below we have included a more detailed overview of the entities that will have to take immediate action, the information that needs to be collected and disclosed, as well as on how the Pillar II notification should be performed.
