Remark: The following announced measures will have to be formalised in draft legislation which should only be available as from September/October. Only then will full details be known. On 26 July 2017, the Federal government reached an agreement on an important corporate tax reform, significantly reducing the corporate tax rate. More details will follow below.
MiFID II – FSMA communication on preparation for the entry into force of the MiFID II directive (for the aspects relating to conduct of business rules)
Background This communication has been published in the context of the new legal framework arising from the Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU, and which will enter into force in January 2018. What’s new? The
Taxation of French-sourced dividends: foreign tax credit available according to the Belgian Supreme Court
On 16 June 2017, the Belgian Supreme Court has reversed the current case law related to the granting of a foreign tax credit in Belgium with respect to foreign-sourced dividends received by Belgian private investors. The case concerned French-sourced dividends which, today, are normally taxed at a rate of 15% in France before being taxed
Article 228, §3 BITC has been amended by the Act of 18 December 2016. The amendments brought retroactively enter into force on 1 July 2016. These changes are commented in the practice note of 30 June 2017. In a previous newsflash, we summarised the main changes brought by the recent legislative change. The practice note
Draft Law amending the regime for B-REITs (regulated real estate companies) submitted to the Belgian Parliament
On 27 June 2017, a draft Law on Belgian REITs (the so-called Regulated Real Estate Companies or B-REITs) was submitted to the Belgian federal Parliament. The draft Law amends the existing regime for public and institutional B-REITs and introduces a new category of B-REITs with social purpose. What’s new? The majority of the new provisions
A recent bill of law on various financial and tax provisions aims at adapting the Belgian annual tax on undertakings for collective investment (the Belgian ‘Net Asset Tax’ or ‘NAT’), in particular at the level of the tax rate applicable to foreign institutional funds. As a reminder, the Belgian NAT standard rate is currently 0.0925%.