A proposed tax changes has been agreed by the members of Belgium’s new coalition government. They have come to a consensus on changes of corporate tax, VAT and excise tax, Individual Income tax and other taxes.
It was proposed that an additional imposition of 10% will take place on taxable reserves and taxable profit and imposition of withholding tax on certain dividends. With regard to indirect taxes a strict condition for the reduced 6% rate of Value Added Tax (VAT) on residential renovations and measures concerning the excise tax on coffee, wine, spirits, energy, diesel, and tobacco products have been proposed by the Belgium’s new coalition government.
They were also agreed with the changes of individual income tax regarding expenses, a temporary levy on pension savings, and look-through taxation for investments in tax haven jurisdictions and business expenses.
Changes on stock exchabge transactions have also been proposed by the coalition government.
