AB Taxand, Taxand Belgium, provides on update on tax transactions regarding estate planning.
The Belgian Government has decided to optimise the corporate tax deduction on qualifying dividends from a 95% tax deduction to a 100% tax deduction.
This more beneficial tax treatment in principle applies ten days after publication of the new legislation in the Belgian Official State Gazette, or on the date provided for in the new legislation. We expect this new legislation to apply no later then as of 1 January 2018.
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This measure has been taken to strengthen the position of Belgium as an attractive country of residence for holding and investment companies.