Belgium extends Pillar 2 deadline

 

The Belgian tax administration announced July 2 that they extended the deadline for taxpayers to perform notification registration for the application of Pillar 2 rules.

 

Pillar 2 applies a domestic top-up tax and income inclusion to multinational enterprises (MNEs) and large-scale domestic companies with consolidated annual revenues exceeding €750 million. Belgian companies forming part of a domestic or multinational group that fall in scope of the Pillar 2 legislation must register at by submitting this notification to the Belgian Crossroads Bank.

 

The new relief postpones the reporting deadline back by two months for most taxpayers, from July 15 to Sept. 16. This administrative tolerance does not apply to MNE groups and large-scale domestic groups who wish to carry out tax prepayments in 2024.

 

Affected taxpayers should immediately determine whether they want to make Pillar 2 tax prepayments. If not, the company can rely on the extended deadline. The tax applies to income generated on or after Dec. 31, 2023. The purpose of this registration is to obtain a new and specific Pillar 2 (tax) identification number to be used for example to make specific Pillar 2 tax prepayments.

 

The notification form consists of the following four parts:

  • MNE Group or large-scale domestic group
    Unique name of the group (i.e., must be different from the one of the Ultimate Parent Entity), fiscal year, address and contact details of the Ultimate Parent Entity
  • Consolidated Financial Statements
    Type of consolidated financial statements according to the Global Anti-Base Erosion (GloBE) definition, applied accounting standard, currency and publication
  • Ownership structure
    Overview of the entities that are (an) ultimate parent entity/ies (UPE), intermediate parent entity/ies (IPE), partially-owned parent entity/ies (POPE) and their subsidiaries. For each listed entity, the GLoBE status must also be indicated (this GloBE status in aligned with the information that will have to be submitted in the GloBE Information Return)
  • Contact details of the entity that performs the notification
    The July 2 announcement from the Belgian tax administration contains an administrative tolerance for MNE groups and large-scale domestic groups that will not carry out advance payments in 2024 for the domestic top-up tax or the IIR. These groups may submit their notification for registration in the Belgian Crossroads Bank for Enterprises (CBE) until Sept. 16, 2024. 
 
 

Contacts:

 
 
Cory Perry

Washington DC, Washington DC

Industries
  • Technology, media & telecommunications
  • Manufacturing, Transportation & Distribution
  • Private equity
Service Experience
  • Tax
 
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