Belgian Parliament Approves Tax Reform Measures Including Tax on Gains from Investment Company Shares, Expat Regime Improvements, and Others

On 11 December 2025, the Belgian Chamber of Deputies adopted the law providing for the implementation of certain measures of the government's tax reform plans detailed in a policy note in April 2025. The measures include:

• The introduction of a separate 5% tax on capital gains from the sale of shares in certain investment companies that are otherwise exempt under the participation exemption;
• The extension of the participation exemption to profits from an intra-group transfer to comply with a…