Investment deduction percentages for assessment year 2016 published
On 27 April 2015, the new percentages for investment deduction, applicable to assessment year 2016, were published in the Belgian Official Gazette. The percentages for assessment year 2016 have not changed compared to assessment year 2015. Here is a summary: 1. One-shot investment deduction Private individuals: 13.5% for investments in patents and assets that aim to promote R&D
Update on recent VAT developments in Belgium
At the end of each calendar year, a number of important decisions that could have an influence on the VAT situation of your business are usually taken by government officials. Therefore please find below a recap of the most relevant decisions that have already been taken or have been launched for approval in Parliament. Change
Draft Program Law of 3 June 2013 –Tax Measures following Budget Control
As expected – further to the Budget Control of March 2013 – a draft Program Law has been filed this week with the Belgian Parliament. The draft bill contains several important tax measures, especially regarding the withholding tax on dividends and liquidation bonus, as well as regarding the registration duties levied upon constitution of long-lease
New Withholding Tax Exemption on Dividends paid by Belgian Institutional Investment Companies to Non Resident Investors
Existing Exemption: Public Investment Companies. As a recall, Art. 106, §7 of the Royal decree implementing the Belgian income tax code provides for a general withholding tax exemption on dividends distributed to non-resident investors by Belgian public investment companies (including real estate investment companies since the Royal decree of 27 December 2012), insofar those dividends
Budget Control 2013 – New Tax Measures announced
On March 29, 2013, the government has reached an agreement in the framework of the Budget Control 2013. Several new tax measures are announced in order to “award the loyalty of investors”, to “encourage the contribution to the capital of the companies” and to “increase their solvability towards the banks”. Please note that neither final
Belgian Tax reform
New withholding tax measures Within the framework of the 2013 budget agreement, new tax measures with respect to the Belgian withholding tax on movable income have been enacted in the Program Act of 27 December 2012. The new tax measures are applicable to dividends, interests and royalties attributed or made payable as from 1 January
Belgian legislative changes to withholding tax
Over the last weeks, the legislator made some major changes to the withholding tax system. The latest tax measures have been implemented by the Act of 13 December 2012 and the Program Act of 27 December 2012 into the Belgian Income Tax Code (“BITC”). In addition, the Royal Decrees of 20 December 2012 and 27
