Belgium: Budget 2017, agreement on tax measures reached

Belgium: Budget 2017, agreement on tax measures reached

The federal government has reached an agreement about the Budget 2017—an agreement that includes a number of tax measures. The corporate tax reform, capital gains tax, and measures to mobilize savings will be further studied in the coming months.

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Among the tax measures to be included in the Budget 2017 are the following:

  • Increase of withholding tax on dividends and interest from 27 to 30%
  • Treatment of “internal” capital gains—the (new) capital created by the contribution of the participation, from a tax perspective, would be considered as a taxed reserve and thus withholding tax would be due in situations of a subsequent decrease of capital
  • Fuel cards would be taxed at the employer level
  • Introduction of a “mobility budget”—no expected change in the calculation of the benefit-in-kind for company cars 
  • The speculation tax would be repealed 
  • Taxation of stock exchange transactions would include a doubling of the ceilings and an extension of application of the tax to exchanges located abroad; the new ceilings would be (1) €1,600 for purchase/sale of shares; (2) €4,000 for transactions with capitalization funds; and (3) €1,300 for all other transactions (including bonds)
  • A continued focus on measures to address tax fraud

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