Adapted tax provisions regarding ‘judicial reorganisations’ offer new opportunities… and challenges
Recent adjustments of tax provisions regarding ‘judicial reorganizations’ offer new opportunities and challenges for distressed companies and their creditors. Most of these adjustments, aligning tax law with the updated insolvency law, entered into force with retroactive effect to 1 September 2023. The law of 28 December 2023 containing various tax measures has adapted the tax
Summary of what has changed during the summer: newly-adopted tax measures
This summer, the Parliament adopted a range of new tax measures (more details below). Other measures are currently under review at the Chamber or pending before the State Council. More details on the new tax measures are announced on our website: Tax reform in Belgium. Patent income deduction The Act of 3 August 2016 providing
New Belgian tax measures announced
A number of new tax measures have been announced in the framework of the Belgian government formation and the budget for 2015, on which an agreement was reached in the second week of October 2014. These measures have an impact on: – entities – companies – corporate income tax; – individuals – personal income tax;
Agreement on the federal budget and economic recovery measures
Today an agreement was reached with respect to the Federal Government’s budget for 2013 and new economic recovery measures. After final intense negotiations and following a quest to find an additional 400 million euro in order to finance a decrease of employment (i.e. wage) costs for undertakings in Belgium, the following new tax measures affecting
