Global Forum on Transparency and Exchange of Information for Tax Purposes: Belgium 2018 (Second Round)

Peer Review Report on the Exchange of Information on Request

In series:Global Forum on Transparency and Exchange of Information for Tax Purposes: Peer Reviewsview more titles

Published on April 04, 2018

Also available in: French

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This report contains the 2018 Peer Review Report on the Exchange of Information on Request of Belgium.

SUMMARY

In its new peer review report, the Global Forum found Belgium to be Largely Compliant with the international standard on transparency and exchange of information upon request over the review period (1 October 2013 to 30 September 2016). This deterioration compared to the previous peer review report – Belgium had been rated Compliant in 2014 – mainly results from an unfinished implementation of the strengthened international standard on beneficial owners and reversals of case law regarding some features of the access powers of the tax administration. These led to legislative changes, the implementation of which should be monitored to ensure full availability and access to information to be exchanged. That said, Belgium remains a country widely open to exchange of information and that provides timely replies and qualitative information to its many partners.