On 24 July 2015, the Belgium Chamber of Representatives approved the Program Law Bill presented by the government in June ({News-2015-06-11/P/2- previous coverage}). The Bill:

• Extends the availability of the liquidation reserve for SMEs to include the 2013 and 2014 tax years - the regime allows the allocation of up to 100% of after tax profits to a liquidation reserve subject to a non-deductib…