Agreement Reached on Belgian Budget Tax Measures for 2018 including Corporate Tax Rate Reduction

The Belgian Government has reportedly reached agreement on tax measures for the 2018 Budget. Key measures include:

• A reduction in the corporate tax rate from 33% to 29% from 2018, and to 25% from 2020;
• The phased removal of the 3% austerity (crisis) surcharge;
• The introduction of a 20% tax rate for SMEs on the first EUR 100,000 of taxable income; and
• The introduction of a limit on carried forward losses, notional interest deduction, and dividends received deduction to 70% of taxable income e…