According to a 27 October 2017 release from the Belgian government, the Belgian Council of Ministers has approved the proposed corporate tax reform measures for 2018 Budget. Measures include:
- A reduction in the corporate tax rate from 33% to 29% from 2018, and to 25% from 2020;
- The introduction of a simple flat 20% corporate tax rate for SMEs on the first EUR 100,000 of taxable income (SMEs must meet certain conditions, including that no more than one of the following is exceeded: 50 employ…