Friday, 13 February 2015

Belgium asks European Court of Justice for preliminary ruling on 'fairness tax'

The Belgian Constitutional Court (BCC) has asked the European Court of Justice (ECJ) for a preliminary ruling on the Belgian fairness tax, which was introduced in 2013.
The fairness tax is a separate assessment, imposed at a 5.15% rate, on dividends distributed by large Belgian companies or Belgian branches of foreign companies.  The fairness tax applies if notional interest deductions or tax loss carryforwards offset the taxpayer's taxable basis for the relevant tax period.
Source & more info: PwC