• Service: Tax, International Tax
  • Type: Regulatory update
  • Date: 2/28/2014

Belgium - Reporting payments made to non-compliant jurisdictions (including Luxembourg) 

February 28:  Under Belgian law requiring reporting of payments made into “tax haven” jurisdictions, Belgium’s Minister of Finance stated that payments made to Luxembourg, Cyprus, the British Virgin Islands, and the Seychelles must be reported for each tax period beginning as from 1 December 2013.

These four jurisdictions were designated as “non-compliant” under the OECD standard on the exchange of information.

The Minister also said payments to Austria and Turkey (two countries deemed to be partially non-compliant) are not subject to the reporting obligation.

Read a February 2014 report prepared by the KPMG member firm in Belgium: Reporting obligation for payments made to Luxembourg as from FY 2014?

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