In the draft Budget for 2010 and 2011, presented on 13 October 2010, it was proposed to narrow the scope of the participation exemption.
Currently, Belgian companies are entitled to a 95% dividends received deduction if they hold a participation of at least 10% or a participation with a value of at least EUR 1.2 million in the capital of a subsidiary. It is proposed to raise the EUR 1.2 million threshold to EUR 2.5 million.