Alert on Tax Reform
In our tax alert of 1 August 2017, we informed you that the Belgian government had announced substantial tax reforms to make Belgium more attractive for investors and summarised the main corporate tax reforms of what has come to be known as the "Summer Agreement". You will recall that the Summer Agreement provides for a gradual decrease in the corporate tax rate from 33.99% to 25% (and even 20% for SMEs) by 2020 (see our previous tax alert for more information). At the same time, the Summer Agreement includes a number of compensatory measures to keep the tax reform budget neutral.
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