On 11 October 2019, the Belgian Council of Ministers approved a draft law to transpose EU Directive 2018-822 of 25 May 2018 on reportable cross-border tax planning arrangements. The Directive includes measures to require the reporting of cross-border tax planning arrangements and the mandatory and automatic exchange of information reported with other EU Member countries.
The Directive is to be entered into force on 1 July 2020, with reportable arrangements to be disclosed within 30 days from the date the arrangement. Reportable arrangements must also be disclosed where the first step for implementation was taken between 25 June 2018 and 1 July 2020, with a deadline of 31 August 2020.
