Practice area

World TP Reviews

Transfer pricing
Baker McKenzie

International firm Baker McKenzie has an active transfer pricing team in Belgium. The firm has a large team of economists who support the legal team in dealing with economics-related issues and preparing transfer pricing studies.

Géry Bombeke is a prominent partner who focuses on transfer pricing. He and his team support Biocartis and other large clients in audits, planning, implementation and documentation. 

In April of 2018 the firm hired former Tiberghien lawyer, Thomas Gernay. The firm also lost senior associate Evert Bleus earlier in the year. Bleus is no longer active in the legal profession.


Deloitte is an international firm renowned for its work in tax and transfer pricing. The firm has 50 tax and legal partners working across its 11 Belgium offices. The transfer pricing team keeps going from strength to strength and last year the firm was awarded transfer pricing firm of the year by the ITR for the fourth year in a row.

Head of transfer pricing in Belgium, Patrick Cauwenbergh, oversees the transfer pricing work in the country. Over the last year the team have assessed and advised high-value companies in the financial industry.


The EMEIA Tax Center at EY is organised as a supranational entity covering the entire Europe, Middle East, India and Africa (EMEIA) region, with its Intercompany Effectiveness and operational transfer pricing practice serving clients’ needs across all jurisdictions.

Led by Oslo-based partner Sveinung Baumann-Larsen, it brings together multi-disciplinary experience and resources focused on IT, accounting, and tax from the entire region in its work. This work covers some of the leading global companies in their respective fields and includes those involved in retail and consumer products, energy and pharmaceuticals, to name but a few.

Liedekerke Wolters Waelbroeck Kirkpatrick

Liedekerke Wolters Waelbroeck Kirkpatrick is a well-respected firm in Belgium and was awarded Belgium Tax Firm of the Year 2017 by the ITR. A large proportion of the tax department case load involves transfer pricing advice, securing transfer pricing rulings and assisting in transfer pricing litigation.

Daniel Garabedian and Henk Verstraete secured a major multimillion-euro transfer pricing litigation victory for an international company last year. Partner Laurence Pinte also assisted an international company before the Belgian ruling commission that lead to a landmark ruling on the transfer pricing aspects of an innovative financial arrangement.

In February of this year the firm hired An Weyn as tax counsel. The former counsel at Tiberghien primarily focuses on advising family businesses.

Loyens & Loeff

The Benelux-Swiss firm Loyens & Loeff has a dedicated transfer pricing team led by Natalie Reypens. Reypens is recognised as a transfer pricing specialist by the ITR and is also an expert in corporate tax and international tax law. 

The team at Loyens provides transfer pricing analysis for a range of clients including companies listed on the NYSE. Last year, partner Nicolas Bertrand and associate Aldo Engels assisted a large international retail group with the restructuring of its intragroup financing.

In 2017 the firm hired Linda Brosens as a professional support lawyer. Brosens specialises in national and international corporate income tax matters. Counsel Camille Lebègue left in 2017 after 40 years with the firm.

Client feedback

“Highly responsive and always straight to the point.”

“Very accurate with a huge knowledge base.”


Mayer Brown

The Brussels practice of Mayer Brown works closely with its other offices around the world. Its global reach assists cross-border work and helps the firm address its clients’ international needs in transfer pricing. The firm's European transfer pricing centre is based in the Brussels office and this is the hub for much of the European transfer pricing work handled by the firm. 

Astrid Pieron heads the European transfer pricing centre. Before joining the firm in 2007 she practiced at Deloitte. Her practice covers tax optimisation of mergers and acquisitions, structuring of investment funds and general assistance to private equity deals. Last year the team assisted clients in creating transfer pricing documentation and supported a number in transfer pricing litigation.


Stibbe is a regional, full-service firm. The Belgium team provides support on international taxation matters focusing on M&A, real estate transactions, financial services and transfer pricing issues. 

The firm's clients include the Dow Chemical Company, who it advised last year on a range of transfer pricing issues. 

Last year Gillot Xavier left the firm and is now managing partner at uLaw.

T/A Economics

T/A Economics is a transfer pricing and valuation boutique. It provides sophisticated economic analysis and high-end transfer pricing work for its clients. 

Over the last year the firm has designed and implemented a global cash pool policy for a Belgian BEL20 listed company. It has also assisted in business restructuring for a high-value German-based company in the FMCG sector.

The firm has made a number of hires of the last year. Ben Plessers and Heleen Van Baelen are both former EY employees. Ben Plessers joins the firm as a senior manager and Heleen Van Baelen joins as a manager. Former Atlas associate Martha Formenti has also joined the firm as an associate.