Commission requests Belgium to correctly transpose the ATAD

Jul 13, 2020

Included in the July infringements package, The European Commission has sent a letter of formal notice to Belgium requesting it to correctly transpose the EU Anti-Tax Avoidance Directive (ATAD). For the ATAD to be correctly transposed in Belgium it needs to implement the ATAD compliant interest limitation rules and Controlled Foreign Company (CFC) rules. The Commission can send a reasoned opinion to the Belgian authorities if it does not act within the next three months.