Belgium: NID (Notional Interest Deduction)

Permanent establishments or real estate situated in a member state of the European Economic Area of which the income is exempted in Belgium based on a double tax treaty: the NID to be deducted in Belgium will be reduced with the NID portion relating to the net assets attributed to the permanent establishment or real estate to the extent that it is lower or equal to the positive result derived from these assets.

In case the NID portion related to these assets exceeds the result derived from them, the excess can be deducted from the result in Belgium.

Permanent establishments or real estate situated in a state outside the European Economic Area of which the income is exempted based on a double tax treaty: the calculated NID to be deducted in Belgium will be reduced with the NID portion relating to the net assets attributed to the permanent establishment or real estate. This applies as from tax year 2014.

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