News

Coronavirus business support measures

Businesses experiencing financial difficulties due to the COVID-19 outbreak can apply for various social security and tax support measures. We will be happy to provide you with an overview.

What does 'force majeure' mean in times of Covid-19 crisis?

The rapid outbreak of the Covid-19 virus, commonly known as the coronavirus, in Belgium entails a series of drastic measures imposed by the Belgian authorities on the entire population and which have a direct impact on Belgian businesses and entrepreneurs with the result that the parties...

Delay in the preparation and approval of the annual accounts

Government measures to safeguard applicable social security scheme in the case of international employment

In order to prevent the further spread of the coronavirus, the government has taken far-reaching measures to facilitate 'social distancing'. As in most Member States of the European Union, the working population (both employees and self-employed workers) is encouraged to make maximum use of...

Coronavirus: how should employers deal with it?

Now that the Coronavirus also appears in Belgium and the number of infections in our country is increasing, it is important that you, as an employer, are aware of your obligations and consequences for employment in your company. BDO provides an answer to a number of frequently asked questions...

BDO Belgium’s Response to Belgian National Security Council measures concerning COVID-19

As the Coronavirus (COVID-19) continues to spread rapidly in Belgium and across the globe, we would like to take a moment to let you know what BDO is doing to respond to this public health emergency.

Obligation to report cross-border tax arrangements as from 1 July 2020

Cross-border tax arrangements with a potential risk of tax avoidance that took place between 25 June 2018 and 30 June 2020 must be reported to the Belgian tax authorities by 31 August 2020 at the latest. The latter will share the information in a European database accessible to all European tax...

Publication of Belgian Transfer Pricing Circular

On the 25 February 2020, the Belgian tax administration published the final version of the Transfer Pricing Circular Letter (Circular Letter 2020/C/35) in French and Dutch on their official website. The Circular Letter is the final version of the two draft Circular Letters, initially published by...

New Guidance on the Transfer Pricing of Financial Transactions – Time to act

For the first time, the OECD have issued guidance on the transfer pricing of financial transactions (related-party loans, treasury functions, cash pooling, hedging, guarantees and captive insurance). This is a complex area of transfer pricing (with very different views and approaches historically...