Bill on new tax measures including changes to withholding and registration tax adopted by Lower and Upper House

On 27 June 2013, the Bill on new tax measures including changes to the withholding tax and registration duties was adopted by the Belgian Lower and Upper House.

(a) Withholding tax on dividend distributions by SMEs

Article 15 of the Belgian Company Code defines an SME as a company which does not exceed more than one of the following thresholds:

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-		annual average number of employees: 50;