Belgium's government has reached an agreement concerning various tax measures for the 2018 budget—including measures that would:
The reform of taxation of savings includes the following:
For large companies, the rate of corporate income tax would be reduced, and there would be changes to the notional interest deduction rules.
For small enterprises, from the income year 2018, the corporate income tax rate would be reduced to 20% on the first €100,000 of profit of the SME (as defined in article 15 company code). To claim this reduced rate of tax, an amount of minimum remuneration would have to be paid to a director of the company.
Read a July 2017 report prepared by the KPMG member firm in Belgium
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.