On 23 July 2015, Belgian Prime Minister Charles Michel announced that the government had reached agreement on the 2015-2016 Budget, including plans for a shift in the tax burden away from labor. The planned measures are in addition to those included in the Program Law Bill presented to parliament in June ({News-2015-06-11/P/2- previous coverage}).
The key Budget measures include:
- Reducing the employer social security contributions from the current 33% to 25% by 2018;
- Reducing the taxation o…