Tax transparency for trusts and tax haven companies under consideration

As a follow-up on the Law of 30 July 2013, introducing a reporting obligation for Belgian resident individuals who are founders of a "legal construction" such as trusts and tax haven companies, a draft Bill is currently circulating among and discussed by the members of the Belgian government. This new draft Bill allows for a direct and transparent taxation of the income of legal constructions in the hands of its founder(s) and, upon his or her death, the third party beneficiaries.
The Belgian go…