Belgian Guidelines for DAC6 published
Today, on 26 June 2020, the Belgian Tax Authorities published the awaited Circular (FAQ) on the DAC6 Mandatory Disclosure Rules. The DAC6 legislation provides for the mandatory disclosure of reportable cross-border arrangements and will be effective as from 1 July 2020. For the reporting deadlines, the Belgian Federal Tax Authorities announced a deferral of six months based on their discretionary administrative power (i.e. not by a legislative act) on 3 June 2020. As we previously reported, the deferral does not postpone the effective date of the legislation, but only postpones the deadlines for the reporting obligations (see our E-Tax Flash of 4 June here).
The published Circular provides guidelines on the interpretation and the implementation of the DAC6 legislation in Belgium. Our experts will analyze these guidelines and will provide you with further insights. You can download the Circular on the website of the Belgian Tax Authorities here. For more information on the Belgian DAC6 legislation, please visit our website here.