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Belgian parliament approves draft bill on Pillar Two

|Tax Alerts, Information Reporting, Legis ...|Belgium
Belgium

  • Belgium has introduced Pillar Two legislation, including a Qualified Domestic Minimum Top-up Tax, Income Inclusion Rule and Undertaxed Profits Rule.
  • A transitional Country-by-Country Reporting Safe Harbor as well as transitional Undertaxed Profits Rule Safe Harbor is available.
  • An amendment has been made to the research and development tax credit regime to comply with the definition of a "Qualified Refundable Tax Credit."

Executive summary

On 14 December 2023, the Belgian parliament approved the dra…