
Belgium may reduce corporate income tax rate to 20%
As part of a broader reform, the Belgian government is working on a proposal for a corporate tax reform.
To make this possible, the government is discussing various ‘compensatory’ measures to make the reform budget-neutral. These measures may include reducing (or abolishing) the notional interest deduction and investment deduction regimes, limiting tax loss carryforwards and reducing the ability for increased fiscal depreciations. The withholding tax rate might go up from 27% to 30%.
As mentioned, the CIT reform is currently still in the proposal phase and has not yet been formalized in a draft bill of law.