Ruling Commission sets new deadline for prefilings on transfer pricing and innovation income deduction
03 October 2019
The Ruling Commission has announced that it should receive (prefiling) ruling requests before the 31 January 2020 in the event that the (prefiling) request relates to transfer pricing, innovation income deduction or patent income deduction. Last year, the deadline was set on 15 March, which means that taxpayers now have less time.
This concerns only requests that have a tax effect in the corporate tax or non-resident corporate tax return for companies, which must be submitted at the latest at the end of September 2020 (financial year per 31/12/2019).
However, companies that do not hold accounts per calendar year will also have less time than last year to submit their (prefiling) request, which must be submitted at the lastest 8 months before the ultimate due date for the submission of corporate tax or non-resident corporate tax return. Last year, this period was 6 months.
If you want to validate your company's transfer pricing policy or benefit from the innovation (or patent) income deduction, we would like to draw your attention to the need to fulfill the required steps as soon as possible. BDO has an extensive experience with the Ruling Commission and may assist you.
If you have any questions or if you would like to invoke the assistance of our experts, please do not hesitate to contact the BDO Transfer Pricing team: