Belgium has published Circular 2023/C/8 of 12 January 2023, which provides updated guidance on the application of the 30% of EBITDA interest deduction limitation introduced from 1 January 2019 in compliance with the EU Anti-Tax Avoidance Directive (ATAD). Some of the key aspects of the Circular are summarized as follows:
Excluded Companies
Certain companies are expressly excluded from the interest deduction limitation regime. In summary, these include:
- Taxpayers who meet the definition o…