BASC issues draft advice on the Belgian GAAP treatment of the Fairness Tax
The Belgian Accounting Standards Commission (BASC) was asked to provide guidance with respect to the accounting treatment of the Fairness Tax. The Fairness Tax is a separate tax of 5.15% (5% increased by 3% crisis surtax). This separate tax applies to a Belgian company (non SME) if: (i) the company has distributed dividends with respect