Briefing
Public Country-by-Country Report for Increased Tax Transparency
The Law of 8 January 2024 amending the Belgian Code of Companies and Associations regarding the disclosure of income tax information by certain companies and branches (BSG 26 January 2024) transposed public country bycountry reporting (CbCR) into Belgian law. Large multinational groups and standalone companies are now required to provide greater tax transparency through the preparation, filing and disclosure of a country-by-country report containing certain tax and financial information. Depending on the situation, they will have to comply with this obligation in Belgium, in the EU or elsewhere. In any event, this information will be publicly available to the general public, including shareholders, potential investors, non-governmental
organisations and (investigative) journalists. Meanwhile, the Royal Decree of 18 April 2024 further clarified the content of the (Belgian) country report (BSG 6 June 2024). Public CbCR applies to financial years starting on or after 22 June 2024.
