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Belgium to Repeal the Notional Interest Deduction, Temporarily Reduce the Corporate Tax Basket Deduction, and Modify the FTC for Royalties

|Proposed Changes|Belgium
Belgium

A release from the Belgian Council of Ministers was issued on 18 November 2022, announcing the approval of a draft law containing several measures in relation to the budget, health care, social affairs, finance, and other matters. This includes several measures previously agreed to for the budget for 2023 and 2024. Some of the key measures noted in the release include:

  • A reduction of social security contributions in Q1 and Q2 2023 and the postponement of social security contributions in Q3 …

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