Belgium MOF Clarifies Common Understanding on Filing, Exchanging GloBE Information Returns in English

The Belgian Federal Public Service-Finance June 8 clarified, in English, the OECD publication regarding the central filing and exchange of Global Anti-Base Erosion (GloBE) Information Returns (GIRs) among jurisdictions implementing Pillar Two. The clarification includes that: 1) most Pillar Two jurisdictions, including Belgium, have agreed to a flexible approach that won’t impose fines or enforce local filing requirements on multinational enterprise (MNE) groups that centrally file GIRs by June 30, subject to conditions; 2) if a central filing isn’t sent to another jurisdiction by Dec. 31, Belgium will timely notify the relevant jurisdiction and set a filing deadline, and won’t ...