Stuart Cioccarelli’s Post

📢 𝗕𝗲𝗹𝗴𝗶𝘂𝗺: 𝗘𝗮𝗿𝗹𝗶𝗲𝘀𝘁 𝗱𝘂𝗲 𝗱𝗮𝘁𝗲 𝗳𝗼𝗿 𝗳𝗶𝗹𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗶𝗹𝗹𝗮𝗿 𝗧𝘄𝗼 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗙𝗼𝗿𝗺 𝗶𝘀 𝟭𝟯 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟰! 🚨 Attention Multinational Enterprises & Large-Scale Domestic Groups in Belgium 🚨 The Belgian Tax Authorities have initiated the first compliance requirement for Pillar Two with the publication of the Royal Decree on 29 May 2024. The countdown has begun! 📅 Key Date: 13 July 2024 - First Pillar Two Notification Form submission deadline (at the earliest). Need assistance with the Pillar Two Notification Form or have any related queries? Reach out for expert guidance and ensure compliance. #EY #EYBelgium #Tax #PillarTwo #CorporateTax #BelgianTax #TaxCompliance

📢 𝗕𝗲𝗹𝗴𝗶𝘂𝗺: 𝗘𝗮𝗿𝗹𝗶𝗲𝘀𝘁 𝗱𝘂𝗲 𝗱𝗮𝘁𝗲 𝗳𝗼𝗿 𝗳𝗶𝗹𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗶𝗹𝗹𝗮𝗿 𝗧𝘄𝗼 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗙𝗼𝗿𝗺 𝗶𝘀 𝟭𝟯 𝗝𝘂𝗹𝘆 𝟮𝟬𝟮𝟰! 🚨 Attention Multinational Enterprises & Large-Scale Domestic Groups in Belgium 🚨 The Belgian Tax Authorities have initiated the first compliance requirement for Pillar Two with the publication of the Royal Decree on 29 May 2024. The countdown has begun! 📅 Key Date: 13 July 2024 - First Pillar Two Notification Form submission deadline (at the earliest). Need assistance with the Pillar Two Notification Form or have any related queries? Reach out for expert guidance and ensure compliance. #EY #EYBelgium #Tax #PillarTwo #CorporateTax #BelgianTax #TaxCompliance

📢 EY Tax alert: 𝗕𝗲𝗹𝗴𝗶𝗮𝗻 𝗣𝗶𝗹𝗹𝗮𝗿 𝗧𝘄𝗼 𝗹𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝗼𝗻 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗮𝗹𝗶𝗴𝗻𝗲𝗱 𝘄𝗶𝘁𝗵 𝗢𝗘𝗖𝗗’𝘀 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲 Amendments relate, amongst others, to the implementation of specific OECD’s Agreed Administrative Guidelines, the establishment of a legal framework for Pillar Two tax prepayments and additional reporting obligations. 📜 🔍 For a deep dive into the details, read our latest tax alert! #EY #EYBelgium #TaxReform #CorporateTax #PillarTwo #GlobalMinimumTax #OECD #TaxCompliance

📢 EY Tax alert: 𝗕𝗲𝗹𝗴𝗶𝗮𝗻 𝗣𝗶𝗹𝗹𝗮𝗿 𝗧𝘄𝗼 𝗹𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝗼𝗻 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗮𝗹𝗶𝗴𝗻𝗲𝗱 𝘄𝗶𝘁𝗵 𝗢𝗘𝗖𝗗’𝘀 𝗴𝘂𝗶𝗱𝗮𝗻𝗰𝗲 Amendments relate, amongst others, to the implementation of specific OECD’s Agreed Administrative Guidelines, the establishment of a legal framework for Pillar Two tax prepayments and additional reporting obligations. 📜 🔍 For a deep dive into the details, read our latest tax alert! #EY #EYBelgium #TaxReform #CorporateTax #PillarTwo #GlobalMinimumTax #OECD #TaxCompliance

Belgium requires companies subject to Pillar Two global minimum tax to submit a notification informing the Belgian tax authorities of certain details of the company’s constituent entities and legal structure.  The notification is due by 13 July 2024 and is required for all MNE Groups subject to Pillar Two with operations in Belgium, regardless of the size of the Belgian operations, where the UPE is headquartered, or whether transition CbCR safe harbour will be applied.  Below is a link to a new EY tax alert with more details on this new filing. Companies should act now to ensure timely filing of this new notification which includes details about the UPE, all IPEs, Belgian CEs, ETR blending, etc., and must be submitted through an online portal in XML format.For some companies, this filing will be straightforward and require limited effort.  For other companies, this filing will be complex and require significant effort. Contact me or any of my Tax Accounting Risk Advisory Services or International Tax Services colleagues to discuss the requirements of this new filing or for assistance to complete the submission.#eytax #beps #pillartwo #taxcompliance #taxaccounting https://lnkd.in/gWU36d2q

On February 12, 2024, the Australian Government released the revised Exposure Draft (ED) for Multinational Tax Transparency – Country-by-Country Reporting for consultation. The proposed rules aim to increase transparency by requiring Country-by-Country Reporting Entities (CbCRE) to publicly disclose information that is currently only shared between tax authorities on a confidential basis. Read more: https://okt.to/ZUkH5r #Tax #Transparency #Tax #InternationalTax #TransferPricing #CbCRE

New Minimum Tax Law for Large Businesses in Belgium!   Attention to all Belgian businesses! A new law imposes a minimum tax rate of 15% on multinational and large domestic groups exceeding €750 million in annual turnover.   What you need to know: This applies to tax years starting after the law's publication (19 December 2023). Affected groups must register with the CBE (Crossroads Bank for Enterprises). The first registration deadline is approaching! ️   Read our article on our website! We'll explain the registration process, including deadlines, who needs to register, and how RSM Belgium can assist you. Dutch article 👉 https://bit.ly/4ejBzbi French article 👉https://bit.ly/3Roqyvs     #RSMBelgium #Belgium #Tax #Law #Minimumtax #Compliance 

📔 Pillar 2 first milestone 📔 ⚠️ ⚠️ ⚠️ Belgium is implementing a first Pillar 2 obligation with a deadline on 13 July 2024 MNEs with constituent entities in Belgium must register with the Belgian Tax Administration. We can assist you ! #pillar2 #internationaltax #rsmbelgium

New Minimum Tax Law for Large Businesses in Belgium!   Attention to all Belgian businesses! A new law imposes a minimum tax rate of 15% on multinational and large domestic groups exceeding €750 million in annual turnover.   What you need to know: This applies to tax years starting after the law's publication (19 December 2023). Affected groups must register with the CBE (Crossroads Bank for Enterprises). The first registration deadline is approaching! ️   Read our article on our website! We'll explain the registration process, including deadlines, who needs to register, and how RSM Belgium can assist you. Dutch article 👉 https://bit.ly/4ejBzbi French article 👉 https://bit.ly/3Roqyvs   #RSMBelgium #Belgium #Tax #Law #Minimumtax #Compliance 

The European Union has made a significant stride in its ongoing efforts to modernise its value-added tax ( #VAT ) system, with the European Council recently agreeing on a comprehensive legislative package under the “VAT in the Digital Age” ( #ViDA ) initiative.