Belgian Government Reaches Agreement on 2017 Budget Tax Measures

On 14 October 2016, the four parties of Belgium's governing coalition reportedly reached agreement on the tax measures for the 2017 Budget. The main measures include:

• An increase in the top withholding tax rates on dividends and interest from 27% to 30%;
• The repeal of the speculation tax for individuals (33%) on capital gains from the sale of listed shares if sold within 6 months of acquisition;
• A change in the treatment capital contributions for tax purposes as a taxed reserve, which would …