Transfer Pricing | KPMG | BE

Transfer Pricing

Transfer Pricing

Transfer pricing is a critical issue for all companies with cross border or inter-company transactions.

Transfer pricing is a critical issue for all companies with cross border or inter-compa...

Transfer pricing is a critical issue for all companies with cross border or inter-company transactions, and is one of the cornerstones of effective global tax planning.  

Our multidisciplinary approach can help you manage your company’s transfer pricing issues by providing advice on planning, compliance and documentation, compliance dispute resolution, and practical implementation of your transfer pricing policy in Belgium and internationally.  

We also have significant experience in responding and challenging the issues raised by tax authorities during audits. Our strategies are directed to be commercially viable and balanced, generating tax efficiencies and mitigating the risk of tax authority challenge. 

 

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Recent BEPS Actions

With the increasing globalization and complexity of intercompany flows, the national laws have not kept pace with their changing tax environment. Indeed, the fluid capital and the growing importance of digital economy create new opportunities for multinational enterprises to avoid taxation in their domestic countries by shifting their activities and (intangible) assets to low or no tax jurisdictions, undermining the fairness and integrity of tax law provisions.

By launching its Base Erosion and Profit Shifting (“BEPS”) action plan in July 2013, the OECD is looking to tackle those issues. The action plan consists of 15 specific actions providing international guidance to address BEPS. The main objectives of the action plan is to develop a new set of standards namely to prevent double non-taxation, to ensure the consistency of the international tax system and tax transparency.

Access the OECD BEPS webpage for more information and a download of the deliverables.

September 2014

  • Action 1 – Digital economy
  • Action 2 – Hybrid mismatch arrangements
  • Action 5 – Harmful tax practices (Phase 1)
  • Action 6 – Tax treaties abuse
  • Action 8 – Intangible assets (Phase 1)
  • Action 13 – Transfer pricing documentation requirements
  • Action 15 – Multilateral instrument (Phase 1)

September 2015 

  • Action 3 – Controlled Foreign Companies (“CFC”) rules
  • Action 4 – Financial payments (Phase 1)
  • Action 5 – Harmful tax practices (Phase 2)
  • Action 7 – Permanent establishment 
  • Action 8 – Intangible assets (Phase 2) 
  • Action 9 – Transfer pricing and risk & capital 
  • Action 10 – Transfer pricing and other high-risk transactions
  • Action 11 – Data collection and methodologies 
  • Action 12 – Tax planning arrangements 
  • Action 14 – Dispute resolution mechanisms

December 2015  

  • Action 4 – Financial payments (Phase 2) 
  • Action 5 – Harmful tax practices (Phase 3) 
  • Action 15 – Multilateral instrument (Phase 2)

On 5 October 2015, the OECD released the final deliverables for its Base Erosion and Profit Shifting (BEPS) Project organized around 7 topics. The OECD aims to tackle the BEPS issues by the interaction between all actions and the comprehensive and holistic approach.

How to manage increased scrutiny on intercompany financing?

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Belgian Transfer Pricing Documentation

The documentation structure proposed by the OECD has been adopted by Belgium.

 
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Key contact

Transfer Pricing Review

A wealth of local country transfer pricing information, including documentation

 
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Regulations

This section provides a general overview of the transfer pricing regulations that ...

 
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Transfer Pricing Flash

Transfer Pricing Flash — KPMG's reports of developments from across the globe...

 
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