Belgium: Government approves draft law on corporate tax reform with fully participation exemption
On 27 October 2017, according to a press release, on the proposal of the Minister of Finance, the government has approved the corporate tax reform. The corporate tax reform process would take place in two phases, 2018 and 2020. Belgium will grant
See MoreBelgium, Macedonia DTA enters into force
On 17 July 2017, the Double Taxation Agreement (DTA) between Belgium and Macedonia was entered into force and it will apply from 1 January 2018. From this date, the new treaty will replace the existing DTA of
See MoreBelgium: Corporate tax reform
On 27 October 2017, according to a press release, on the proposal of the Minister of Finance, the government approved the corporate tax reform. The corporate tax reform process would take place in two phases, 2018 and 2020. Under the tax reform,
See MoreBelgium approves DTA with Japan
On 19 October 2017, the Cabinet of Belgium approved the Double Taxation Agreement (DTA) with Japan for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Once in force and effective, the new treaty
See MoreBelgium, Greece protocol to DTA enters into force
On 24 July 2017, the amending protocol of Double Taxation Agreement (DTA) between Belgium and Greece was entered into force and it will apply from 1 January 2018 with replaced Article 25 (Exchange of Information Article) in accordance with the OECD
See MoreBelgium, Mexico protocol to DTA enters into force
On 19 August 2017, the amending protocol of Double Taxation Agreement (DTA) between Belgium and Mexico was entered into
See MoreBelgian tax authority declared CbC reporting notification deadline
According to Belgian law enterprises that meet the country-by-country (CbC) thresholds requirement will have to provide the first CbC reporting notifications to the tax authorities by 30 September 2017. For this first year’s notification, an
See MoreBelgium adopts draft bill to implement EU directives on automatic exchange of information
The Belgian parliament adopted the draft bill to implement the EU Directive 2014/107/EU for mandatory automatic exchange of information, on 20 July 2017 and the bill was published in the Belgian Official Gazette, on 11 August 2017. The Bill
See MoreBelgium: Details Budget for 2018
On 26 July 2017, the federal government of Belgium announced a major tax reform for the 2018 budget. The reform will take place in two steps, in 2018 and 2020 along with several major changes. Corporate income tax rate The rate of corporate income
See MoreDTA between Belgium and Uruguay enters into force
On 4 August 2017, the Double Taxation Agreement (DTA) between Belgium and Uruguay was entered into force and it will apply from 1 January 2018. The agreement contains Dividends rate 5% for at least 10% holding; otherwise 15%, Interest rate 12% and
See MoreMoldova ratifies the amending protocol of DTA with Belgium
On 7 July 2017, Moldova ratified the amending protocol of Double Taxation Agreement (DTA) with Belgium, published in the Official Gazette No. 277-288 of 4 August 2017. Once in force and effective, the new treaty will replace the existing DTA of
See MoreBelgium, Switzerland protocol to DTA enters into force
On 19 July 2017, the amending protocol of Double Taxation Agreement (DTA) between Belgium and Switzerland was entered into force and it will apply from 1 January
See MoreBelgium: Tax measures announced for 2018
On 26 July 2017, the federal government of Belgium announced various tax measures for the 2018 budget. Corporate income tax rate The rate of corporate income tax would be gradually reduced. Currently, the normal rate is 33.99%, will be reduced to
See MoreU.S. and Belgium sign an agreement on the exchange of country-by-country reports
According to an IRS announcement on its website, the competent authorities of U.S. and the Belgium have concluded an arrangement on the exchange of Country-by-Country Reports. The competent authority arrangement (CAA) for exchange of
See MoreBelgium: Draft bill on automatic exchange of information tabled to parliament
On 3 July 2017, the Belgian government has tabled a draft bill, implementing rules of Directive 2015/2376/EU and Mutual Assistance Directive and partial implementation provision of Directive 2016/881/EU amending Directive 2011/16/EU as regards
See MoreBelgium: New CbC reporting forms and guidelines
On 19 May 2017, the Belgian Federal Public Service for Finance issued new country-by-country (CbC), local file and master file forms along with guidelines to file CbC reports under BEPS Action 13. The report submission deadline was 31 December 2016,
See MoreBelgium, Moldova amending protocol to DTA signs
On 30 March 2017, Belgium and Moldova signed an amending protocol to Double Taxation Agreement (DTA) for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, in Brussels. Once in force, the 2008
See MoreBelgium approves multilateral competent authority agreement on automatic exchange of information
According to a press release of 23 March 2017, the government of Belgium announced that the Council of Ministers had approved, on that date, a bill implementing the OECD Automatic Exchange of Financial Account Information Agreement and the bill
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