lunes, 26 de septiembre de 2016

Belgium may reduce corporate income tax rate to 20% by 2020 in context of broader tax reform

The Belgian government is working on a major corporate tax reform. The discussions include a progressive reduction of the corporate income tax (CIT) rate from 33.99% to 20% by 2020, full exemption of capital gains on shares — replacing the current tax rate of 0.412% on such gains — and an increase in the participation exemption regime for incoming dividends from the current 95% to 100%.

The government also is discussing various ‘compensatory’ measures to make the reform budget-neutral. These measures include abolishing the notional interest deduction and investment deduction regimes, limiting tax loss carryforwards, and making the depreciation regime less favorable for taxpayers.

Source & more info: PwC

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