Belgium’s Inpatriate Tax Regime: Transitional amendment allows retroactive access for certain 2025 starters
In a competitive labour market, the inpatriate tax regime plays a crucial role in attracting international talents. The draft law containing various tax provisions is set to make the expat regime more appealing, with the following main changes expected to take effect for remunerations paid or attributed from 1 January 2025: Increased tax-free allowance: The
Antwerp Court of Appeal rules capital gains on carry shares from option exercises as non-taxable income
On 25 February 2025, the Antwerp Court of Appeal confirmed that capital gains on shares – issued by Co-Investment Vehicles (CIVs) – embedding a carried interest and acquired following the exercise of options that were taxable at grant are not taxable as miscellaneous income (art. 90 1° ITC 92 and 90 9° ITC 92) (2023/AR/1737).
Wage withholding tax exemption – New circular letter provides an update on the partial wage withholding tax exemption for night and shift work
Context On 31 July 2025, the Minister of Finance released a long-anticipated circular letter detailing significant updates to the partial wage withholding tax exemption for night and shift work. The introduction of the Bis Variant, coupled with recent case law, contributed to increased complexity, and varied interpretations of certain regulations, leading to uncertainty among applicants.
Belgian Government Summer Agreement – 21 July 2025
On 21 July 2025, the Belgian government reached a summer agreement to implement reforms in the fields of pensions, the labour market, healthcare, and income tax. This agreement needs to be incorporated into draft legislation, which still requires approval through the legislative process. A high-level summary of the envisaged measures in the fields of
The first tax measures of the new government adopted
On 17 July 2025, the Chamber adopted a first set of tax measures. The other measures included in the Easter agreement are part of the draft law containing various provisions, which is currently under review at the Chamber. The main measures adopted are as follows: From a corporate tax and and employer perspective: Participation exemption
Innovating healthcare and the health industry
In the 200-page government agreement, a significant number of pages focus on measures to ensure an innovating healthcare. Many of the measures taken are particularly relevant for the health industry. The coalition agreement presented by the new federal government sets a promising stage for the pharmaceutical, biotech and more in general the health industry in
Navigating Mobility: Belgium’s government agreement and PwC’s survey insights
Mobility and company cars remain a hot topic in Belgium, both for individuals and employers. In PwC’s recent Mobility report 2025, it is highlighted that despite efforts to promote alternative transportation modes, traditional company cars continue to be a significant part of the remuneration packages for Belgian employees. The report gathered qualitative insights from different
The Impact on doing business globally and in Europe of the US Presidency
As the US is the largest economy globally, the economic policies of a US presidency play a crucial role in the dynamics of the global economy, influencing supply chains and affecting the remote work landscape worldwide. US presidents can use a range of policies that can either stimulate or hinder foreign, inbound or outbound trade,
