Belgium Circular on Non-Compliant Countries for Increased Payment Reporting Obligations

On 26 January 2017, Belgium published Circular no. 2017/C/6, which lists out countries deemed non-compliant with regard to international standards on transparency and information exchange. The list is important in relation to Belgium's requirement that payments of EUR 100,000 or more made to residents in listed jurisdictions must be reported. If not reported, such payments are not deductible f…
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