The new corporate tax reform has been published in the Belgian Official Gazette on 29 December 2017. AB Taxand, Taxand Belgium, presents an analysis.
The decrease of the corporate tax rate is one of the key elements of this reform, along with several other measures aiming at making Belgium more attractive for businesses and investors. At the same time, the tax reform also includes a series of so-called “compensating measures” in order to reduce the cost of the tax reform for the State Treasury.
The majority of the new tax rules enter into force on 1 January 2018, whilst some measures will apply on a later date.
Discover more: Corporate tax reform – new rules
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In order to benefit from the corporate tax exemption applying on capital gains on shares, the parent company not only needs to hold the shares in full ownership during a non-interrupted period of at least one year, but also needs to comply with a minimum participation threshold of at least 10% in the share capital of the subsidiary, or the shares need to have an acquisition value of at least 2.500.000 EUR.
