Belgium Opens Registration for Companies In Scope of Minimum Tax

Companies within the scope of the global minimum tax rules can now sign up to the Belgian trade register, the country’s federal finance authority announced Wednesday.

The Wednesday opening of the sign-up procedure is the latest step taken by the government to implement tax rules that are part of the OECD’s so-called two-pillar approach.

The procedure is part of mandatory compliance for multinational enterprises and large domestic groups with at least 750 million euros ($813 million) in revenue. The minimum tax, also known as Pillar Two, aims to ensure in-scope companies are globally taxed at an effective rate of ...