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Belgium - New Guidelines on Functional Currency for Intra-Group Finance Companies

Country:
Belgium
Author:
P. Van den Berghe; L. Buyse
Issue:
European Taxation, 2010 (Volume 50), No 2/3
Published:
22 January 2010
This note provides an overview of new guidelines issued by the Belgian Commission for Accounting Standards that deal with a request for a derogation filed by Belgian treasury and finance companies to keep accounting records and establish and publish annual accounts in a currency other than EUR. The guidelines make it easier to manage foreign exchange risks for Belgian treasury and finance companies operating in a non-EUR economic environment.
 
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