In Belgium, new rules granting the regions an expanded scope of fiscal autonomy vis-à-vis the federal government have entered into force. These changes apply as of July 1, 2014 and have retroactive effect to 1 January 2014. Also, in a related development, adjustments have been made to the taxation of nonresidents, which, amongst other things, includes the abolition of the existing category of nonresidents with a home in Belgium. The new rules for the taxation of nonresidents apply as from assessment year 2015.
Download PDF of Flash International Executive Alert: