News articles written by Grégory Jurion

Tax changes for the Belgian real estate market

18 December 2023

This Newsflash highlights significant measures that influence the landscape of the Belgian real estate market. Indeed, on 9 October 2023, the Belgian government reached an agreement regarding the Federal Budget for 2024. The current budget round was an important one, as the economic climate is deteriorating and this has an impact on the budget of

Reduced VAT Rate for Home Demolition-Reconstruction Extended, Excludes Developers

10 October 2023

The Belgian government has announced an extension of the reduced 6% VAT rate for the demolition and reconstruction of homes. However, this benefit will now exclusively apply to individual homeowners. Developers, who previously enjoyed this rate under certain conditions for the sale of apartments and homes, will revert to the standard VAT rate of 21%

Interest paid to qualifying foreign EEA AIFs may now benefit from the Belgian WHT exemption

16 August 2023

On 26 July, a new Royal Decree amending the Royal Decree implementing the Belgian Income tax code (RD/BITC) was published. The Decree includes various amendments, but one of the main updates was the extension of the withholding tax (WHT) exemption to Belgian sourced interest paid to foreign institutional Alternative Investment Funds (AIF). In principle, interest

‘COVID-19’ rent free period: a new tax credit for real estate owners

28 April 2021

Several measures were very recently adopted (for some, they existed already and were simply extended) by the Belgian legislator through its Law dd. 2 April 2021 on temporary support measures in the light of the COVID-19 pandemic.  Among these measures, an incentive is made available to Belgian taxpayers with respect to real estate (including Belgian

Shareholder Rights Directive II. Financial institutions, are you prepared?

17 May 2019

In May 2017, the European Parliament and the Council approved Directive (EU) 2017/828 amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement (the Shareholder Rights Directive II or SRD II).  The due date of 10 June 2019 for the transposition of this new Directive into national law is approaching fast. So far, the

Foreign real estate funds eligible for Dutch FBI tax exemption

20 December 2018

On 23 November 2018, the Lower Court in Breda, the Netherlands, decided that a German Open-Ended Public Fund (represented by PwC) was entitled to the FBI regime providing, among others, for a 0% Corporate Income Tax (CIT) rate on Dutch source real estate income. The Court also ruled that the portfolio investment test (one of

Update on pending changes to the German RETT regime for share deals

25 June 2018

The heated debate on the tightening of the German RETT Act to expand the scope of this tax to include sales of less than 95% of the company’s share capital continued with a meeting of the Finance Ministers of the Federal States on 21 June 2018. Although no formal draft document is available yet, changes