As the first half of 2018 almost ends, it is time to look forward to the coming second installment of prepayments.
Income tax returns
The income tax authorities confirmed the deadline of the filing of corporate income tax returns with a financial year ending on 31 December, 2017, is September 27, 2018 at the latest. It is also notified that an extension of the deadline will not easily granted by the tax authorities.
Transfer pricing documentation
In 2016, Belgium introduced transfer pricing documentation obligations for a company exceeds certain thresholds. On 27 September 2018, the local file will need to be introduced along with the tax return. The CbC notification and the Master File will need to be filed within 12 months after the last day of the reporting period of the group.
Penalties
In general, late or no qualifying filing is subject to administrative fines and tax increases up to 200% to criminal penalties and an assessment ex officio.
