Belgium clarifies requirements for tax haven payment reporting
December 22, 2010
Salman Shaheen TPW
The Belgian tax authorities have finally published a circular clarifying the scope of a year-old law, requiring companies to report all payments made to tax havens that are more than a total of €100,000 ($131,000) in the tax year.
“The circular on tax havens has been anticipated eagerly, as the legislation was not clear on some points.” said Dirk Van Stappen, a tax partner at KPMG in Belgium.
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