Global

Details

  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 12/21/2012

Belgium - Notional interest deduction, other tax changes affecting companies 

December 21: A new law in Belgium concerning fiscal and financial provisions affecting companies was published in the official gazelle on 20 December 2012.

The law includes measures that:


  • Repeal the rules allowing a taxpayer to carry back unused notional interest deductions (with a transitional provision for notional interest deduction stock that exists on 31 December 2011 or with the end of the tax period associated with 2012 (i.e., by 30 December 2012))
  • Modify the benefit-in-kind rules relating to company cars
  • Modify the investment deduction in situations of a transfer of a right to use the investment

Read a December 2012 report prepared by the KPMG member firm in Belgium: Key tax measures for companies in the law on fiscal and financial provisions




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