Executive summary
The Belgian Tax Authorities (BTA) published, on 25 February 2020, a new circular (2020/C/35) with guidance on transfer pricing for multinational enterprises and the tax administration (TP Circular or circular). The purpose of the circular is to provide an overview of the principles of the 2017 Organisation for Economic Co-operation and Development (OECD) Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (OECD Guidelines) and the specific positions…