Update on mandatory Pillar Two registration requirement: extended deadline
Update on mandatory Pillar Two registration requirement: extended deadline
Good news on the Belgian Pillar Two notification requirement! The Belgian tax authorities announced today (2 July 2024) that they offer an administrative tolerance in the form of an extended deadline for groups of multinational enterprises (MNE) and large-scale domestic groups that will not make advance tax payments in 2024 for the domestic top-up tax or the IIR.
As a result, groups that do not wish to make such payments during financial year 2024 for Pillar Two purposes have until 16 September 2024 (inclusive) to submit their Pillar Two notification for registration in the Crossroads Bank for Enterprises, instead of 13 July.
Note that this administrative tolerance does not apply to MNE groups and large-scale domestic groups that wish to make advance tax payments in 2024.
Affected taxpayers should immediately determine whether they want to make advance tax payments in the context of Pillar Two. If not, the group could rely on the extended deadline.
Want to know more on the Pillar Two notification requirement? Then visit our previous article in this respect.
Do not hesitate to contact one of the experts mentioned below or your trusted BDO tax contact for support.
Olivier Michiels
Paul Ampe
Jonathan Collard
Jeroen Sevens
Note that this administrative tolerance does not apply to MNE groups and large-scale domestic groups that wish to make advance tax payments in 2024.
Affected taxpayers should immediately determine whether they want to make advance tax payments in the context of Pillar Two. If not, the group could rely on the extended deadline.
Want to know more on the Pillar Two notification requirement? Then visit our previous article in this respect.
Do not hesitate to contact one of the experts mentioned below or your trusted BDO tax contact for support.
Olivier Michiels
Paul Ampe
Jonathan Collard
Jeroen Sevens