Belgium’s Ministry of Finance published the Royal Decree of 7 July 2024 in the Official Gazette on 16 July, 2024.

This Decree establishes the guidelines for companies to make advance payments towards the minimum tax under Belgium’s Pillar Two global minimum tax regulations. This applies to large multinational and domestic businesses that have generated over EUR 750 million in revenue in two of the last four years.

The Decree also states that advance payments must be made to the financial accounts of the “Collection Centre – Advance Payments Service” via payment or transfer.

Regarding proof of payment, the following shall constitute proof of payment for advance payments:

  • For payments, dated acknowledgments of receipt from the banking or financial institution responsible for managing the cash accounts of the Federal Public Service Finance. This payment shall take effect on the value date of the credit;
  • For transfers, account statements, and related annexes.

If advance payments have not yet been charged to the tax to the “Collection Centre – Advance Payments Service”, no later than the last day of the eighth month following the taxable period, the following should be applied:

  • Correct all material errors made by third parties by reimbursement;
  • Reimburse the amounts paid or transferred by the debtor or its agent or postpone them for the following taxable period.

Taxpayers should submit requests for rectification, reimbursement, or postponement of advance payments through the MyMinfin platform.

The Decree goes into effect on 1 September, 2024.