Belgium: New fiscal measures

Alessandro PasutThe Belgian Parliament has approved the law containing various tax measures decided in the framework of the budget.
Large companies will be subject to a fairness tax on their distributed dividends.
The fairness tax is a separate tax of 5.15% to be paid by the company distributing the dividends. Increases will be applied if the taxpayer fails to make advance tax payments. The tax only applies if during the taxable period the company has distributed dividends and part or all of the taxable profit has been offset by either current year notional interest deductions or tax loss carry-forwards. The taxable base of the fairness tax is calculated in three steps: firstly, the positive difference is determined between the gross amount of distributed dividends and the final taxable result which is subject to the corporate income tax rate of 33,99%.
The fairness tax will only be due if the amount of distributed dividends is higher than the final taxable result.

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