Deadline for prefiling requests for 2024 fiscal year approaching

All prefiling requests (or requests not preceded by a prefiling) in connection with the innovation income deduction and transfer pricing related to Belgian corporate tax returns for the 2024 fiscal year, must be submitted to the Belgian Ruling Commission by 30 November 2023. This is in line with the FAQs (Dutch | French) published by the commission in October 2023, and is intended to facilitate the issuance of the relevant ruling before the corporate tax return filing deadline in October 2024.

For companies with an accounting year that does not coincide with the calendar year, prefiling requests (or requests not preceded by a prefiling) must be submitted at least eight months before the corporate tax return filing deadline.

Finally, to ensure the efficient processing of requests, companies are asked to provide the commission as soon as possible with documentation including (i) a description of the company and its activities, (ii) the rationale for the proposed operations, and (iii) a description of the method used and related calculations.

For more information on how your transfer pricing/innovation teams can take advantage of the opportunities in this area, please contact our Deloitte Belgium specialists.