On 19 September 2022, Belgium published a notice in the Official Gazette that sets out the notional interest deduction (NID) rates for the 2023 assessment year (2022 tax year). The notice includes that the standard NID rate is -0.057% and considering that the rate is negative, the applicable standard NID rate is 0.0%. For SMEs, the NID rate is 0.443% (standard rate plus 0.5%). It is also noted that for the 2022 assessment year (2021 tax year), the applicable standard rate was also 0% conside…