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Belgium Repeals Notional Interest Deduction, Temporarily Reduces Corporate Tax Basket Deduction, and Modifies the FTC for Royalties

|Approved Changes|Belgium
Belgium

Belgium has published the Program Law of 26 December 2022 in the Official Gazette, which contains several measures in relation to the budget, health care, social affairs, finance, and other matters. One of the key measures is the repeal of the notional interest deduction (NID). This applies for taxable periods ending on or after 31 December 2023, although excess NID accumulated in the past may…

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