13 April 2016 Belgium announces corporate tax reform The Belgian Federal Government reached an agreement on April 9, on additional budget and recovery measures in the framework of the 2016 budget control. An important announcement made by the Government during the budget control is the intention to reform the Belgian corporate income tax system. The objective of this reform is twofold. First, the reform is intended to focus and improve the corporate income tax regime applicable to small and medium sized enterprises, and second, to strengthen Belgium's competitive position in general. Although further details are not yet available, it has been suggested before that such reform should include a considerable reduction of the statutory income tax rate (currently 33.99%). A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details. Document ID: 2016-0673 |
