Pillar 2: deadline top-up tax prepayment
Pillar 2: deadline top-up tax prepayment
The deadline for Pillar 2 top-up tax prepayments for the fiscal year ending on 31 December 2024 is approaching fast (20 December 2024).
Multinationals and large domestic groups have until 20 December 2024 to make tax prepayments for 2024 relating to Pillar 2 (minimum tax – see our previous article on this topic). If the top-up tax is due in Belgium and no tax prepayments have been made in time, the final Belgian top-up tax liability will increase by 9%.
Calculating the tax is complex and requires a multi-step analysis (see our previous article on this topic for more information). Moreover, there are temporary 'safe harbours' that allow for an exemption from the Pillar 2 calculation requirement in certain situations.
In this context, we encourage you to take the necessary actions and to contact us as soon as possible if you need our assistance in preparing or reviewing the calculation of the prepayments due by 20 December 2024, or for any other Pillar 2 formalities. Also, BDO has an international network available to provide comprehensive Pillar 2 analysis if needed.
Want to learn more about Pillar 2? Join us for our webinar on 12 December 2024, for which you can register via this link.
Our International Tax experts are available to assist you in this respect. Do not hesitate to contact Olivier Michiels or Jonathan Collard.
Calculating the tax is complex and requires a multi-step analysis (see our previous article on this topic for more information). Moreover, there are temporary 'safe harbours' that allow for an exemption from the Pillar 2 calculation requirement in certain situations.
In this context, we encourage you to take the necessary actions and to contact us as soon as possible if you need our assistance in preparing or reviewing the calculation of the prepayments due by 20 December 2024, or for any other Pillar 2 formalities. Also, BDO has an international network available to provide comprehensive Pillar 2 analysis if needed.
Want to learn more about Pillar 2? Join us for our webinar on 12 December 2024, for which you can register via this link.
Our International Tax experts are available to assist you in this respect. Do not hesitate to contact Olivier Michiels or Jonathan Collard.