This is an HTML version of an attachment to the Freedom of Information request 'Code of Conduct Group on business taxation - meeting background documents'.

doc 13
E001 US Foreign Sales Companies Ruling (USFSC) – Belgium 
•  See paragraphs 41 to 44 of the Code of Conduct Group’s report of 23 November 
1999 (SN 4901/99). 
Description of rollback action either already implemented or envisaged:  
Belgium indicates that this regime will be abolished once the US has complied 
with the WTO  decision on the US FSC regime.  No new entrants can benefit 
from the regime and there have been no new entrants in the last 4 years.   
Those already benefiting from the regime at the end of 2000 will continue to 
benefit until the end of 2005 unless the US regime ceases to exist. 

E002 Informal Capital Ruling – Belgium 
•  See paragraphs 41 to 44, 54 and 55 of the Code of Conduct Group’s report of 23 
November 1999 (SN 4901/99). 
Description of rollback action either already implemented or envisaged:  
New legislation on “advance tax rulings” will be implemented by the end of 
2002 and applied to informal capital.  The Regent’s Order of 1831 will no 
longer be applied. Rulings, including amortisation of informal capital, will be 
given on a case-by-case basis, in accordance with International Accounting 
Standards (IAS) and depending on the company’s real situation. The situation 
of the business is verified every year, and the ruling will cease to apply from 
the point at which the conditions are no longer met. The informal capital ruling 
will be notified systematically to the country (Member State or third country) 
in which the company making the informal capital injection is located.   
Rulings will be reviewed on a 5-year cycle and will be published on an 
anonymised basis. 
These new rules will apply to rulings granted on or after the date of entry into 
force of the draft legislation relating to advance tax rulings, but will not affect 
existing rulings.