09 December 2016

Belgium announces broader innovation deduction to replace patent income deduction

The Belgian Government formally announced on December 2, the innovation deduction as the successor of the Belgian patent income deduction. The new regime is intended to increase the competitiveness of the Belgian economy while complying with the requirements of Action 5 of the Organisation for Economic Co-operation and Development's (OECD's) Base Erosion and Profit Shifting (BEPS) Action Plan.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-2094

Document ID: 2016-2094