Transfer Pricing Quick Scan | KPMG | BE

Transfer Pricing Quick Scan

Transfer Pricing Quick Scan

Make sure you are aligned with the new transfer pricing regulation.

Make sure you are aligned with the new transfer pricing regulation.

In an increasingly global business environment, multinational organizations market and sell their goods and services around the world. As a result, fiscal authorities defend their national tax bases vigorously. 

Actions include:

  • Detailed transfer pricing regulations
  • Strict documentation requirements
  • Sophisticated audit practices
  • Significant penalties for non-compliance
  • Introduction of the Base Erosion & Profit Shifting (BEPS) initiatives in a consistent and swift manner.

The Belgian tax authorities have been historically eager to enquire and challenge the transfer pricing policies of the Belgian entities in their transactions with the related parties.

 

Additionally, following worldwide trends and recent BEPS developments, new transfer pricing legislation was introduced in Belgium.

 

The new transfer pricing legislation imposes reporting obligatory transfer pricing filing requirements for the Belgian companies satisfying specific criteria with the 1st reporting period being 2016.

 

What will the impact of the new transfer pricing legislation be on your business?

  • Will you be subject to the criteria established by the new legislation?
  • Which reporting will be due and by when?
  • What is the general assessment of your transfer pricing profile?  
  • What are the focus area, when ensuring proper transfer pricing compliance and minimizing the risks? 

Our transfer pricing quick scan provides you with a first look into where your business potentially falls short and serves as a first step to helping ensure that you are fully prepared for the future.

It will enable you to self-assess:

  • Whether Belgian transfer pricing legislation applies to your business
  • Your level of exposure to potential transfer pricing risks, such as:
    • The risk of falling foul of the arm’s length principle
    • The risk of insufficient governance over your prices.

Our transfer pricing tool helps you identify your exposure to these risks by:

  • Evaluating your business profile in the context of transfer pricing
  • Highlighting the areas of your business most likely to interest the tax authorities
  • Clarifying your compliance with transfer pricing governance processes and policies

© 2017 KPMG Tax and Legal Advisers, a Belgian civil CVBA/SCRL and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

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