On 6 June, 2024, the Belgian government released the royal decree of 18 April, 2024 (Dutch/French). It amends the royal decree of 29 April, 2019, regarding implementation of the Belgian Code for Companies and Associations (BCCA).
The new decree aims to partially implement Directive (EU) 2021/2101 of the European Parliament and of the Council.
It amends Directive 2013/34/EU of the European Parliament and of the Council and relates to the public disclosure of income tax information by certain enterprises and branches. This directive, known as public country-by-country (CbC) reporting, specifies the content and format of the information that companies must prepare and disclose for public CbC reporting purposes.
This directive pertains to annual financial statements, consolidated financial statements, and related reports for certain types of undertakings, including provisions for the public disclosure of income tax information.
On 26 January, 2024, Belgium announced the introduction of new public country-by-country reporting (CbCR) in the Official Gazette. The rules have been incorporated into the BCCA and apply to the financial years beginning on or after 22 June, 2024.
