Dirk Van Stappen The new transfer pricing circular letter, dated November 14 2006, provides further guidance to Belgian tax inspectors (and to taxpayers) on how a transfer pricing audit should be performed. Through this circular letter, the Belgian tax authorities are also fully aligning themselves with the provisions of the European Commission's Code of Conduct on Transfer Pricing Documentation (based on the work of the EU Joint Transfer Pricing Forum).
March 31 2007