Belgium's 2024 Budget measures have been approved. Some of the main measures are summarized as follows:
CFC Rules
Amendments are made in relation to Belgium's CFC rules. In its implementation of the Anti-Tax Avoidance Directive (ATAD), Belgium adopted the rules that provide for the inclusion of non-distributed income of CFCs arising from non-genuine arrangements or a series of arrangements put in place for the main purpose of obtaining a tax advantage (the Model B approach). The CFC rules…