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Belgium to Implement New Interest Deduction Restriction a Year Earlier

|Proposed Changes|Belgium
Belgium

The Belgian Government has reportedly reached agreement on tax measures for the 2018/19 Budget, including the implementation of the country's new EBITDA-based interest deduction restriction from 2019 instead of 2020. The new restriction was included as part of the reform legislation approved in December 2017 ({News-2017-12-29/A/2-previous coverage}) and provides for a 30% of EBITDA interest deduction limit in line with the EU Anti-Tax Avoidance Directive (ATAD1). Under ATAD1, the interest res…

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