Finally, the new innovation income deduction (IID) has entered into force. Today, on 20 February 2017, the law with respect the IID has been published in the Belgian Official Gazette. The patent income deduction regime (PID) has been replaced with the IID regime in order to make it BEPS compliant, i.e. avoiding that business profits

On the last day of January 2017, the Finance Commission of the Chamber of Representatives adopted the draft law on innovation income deduction. This draft law should be adopted by the Chamber of Representatives during one of its plenary debates soon, which is scheduled for 2 February 2017. After that, the law can be published

On 2 December 2016, the Council of Ministers approved the draft Bill on the new Innovation Income Deduction regime. This pre-draft law still has to be approved by Parliament, so the below is still subject to changes. In contrast to the previous Patent Income Deduction (PID) regime, the qualifying patent/innovation income will be calculated on