Belgium
Mark Bastenie Partner PKF accountants en belastingconsulenten CVBA
Changes to the participation exemption: Companies in Belgium are generally permitted when calculating their taxable profits to deduct 95% of their dividends received whether from domestic or foreign shareholdings. The rules governing entitlement to this relief were tightened with effect from 2010.
Previously it was necessary for the Belgian company to have a 10% participation in the company paying the dividends or one with a value of at least E1.2 million (purchase value). The participation must now a value of at least 2.5 million EUR (if less than 10%).
Credit institutions insurance companies and quoted companies benefited from the participation exemption even if the minimum holding requirement was not met. This exception was abolished in 2010.
Reporting obligation for payments to companies established in tax havens: From 1 January 2010 direct or indirect payments of...
