Belgian tax reform: impact on the FS industry
On 26 July 2017, the Belgian federal government reached an agreement on an important corporate tax reform. The contemplated changes go far beyond corporate tax as they also have a direct impact on the taxation of financial products, hence on the FS industry in general. Wealth Management Belgian Tax on Savings Income (art. 19bis ITC)
The Belgian Savings Deposits again before the Court of Justice!
After having been sentenced in 2013 for ‘discriminatory’ tax treatment, the since then modified prima facie non-discriminatory legislation comes back before the CJEU, as a ‘restrictive’ measure this time. On a side note, the question arises whether some other Belgian provisions might actually constitute equally applicable measures with restrictive effects infringing some of the EU
