On 11 August 2016, Belgium published the recently approved bill on various urgent tax measures in the Official Gazette. In addition to the repeal of the country's patent box regime effective 1 Jul 2016 ({News-2016-07-21/A/2- previous coverage}), the bill also introduces a new condition for the 1.6995% withholding tax rate on dividends paid to qualifying non-resident companies. For the reduced rate to apply, the new condition requires that a non-resident company be subject to tax.
The reduce…