Belgian Parliament Adopts Legislation to Implement EU Parent-Subsidiary Directive Amendments and Introduce Exit Tax Payment Options

On 17 November, the Belgian Parliament adopted legislation that implements the following measures:

• Transposes amendments to the EU Parent-Subsidiary Directive (2011/96/EU) into domestic law regarding:
  • Hybrid-mismatches - The dividends-received deduction will not apply if the dividends are deductible for the paying company; and
  • General anti-abuse provision - No dividends-received deduction or exemption from withholding tax will be available if in relation to artificial legal acts entered into…