Belgian Program Law Presented to Parliament

On 2 June 2015, the Belgian government presented a Program Law Bill to parliament, which includes tax measures agreed upon during the budget control process in March. The main tax measures are summarized as follows.

Liquidation Reserve for SMEs

The transitory regime introduced with the increase in the withholding tax on liquidation gains from 10% to 25% and subsequently expanded for SMEs from 2015, is extended to also apply for 2013 and 2014. The regime for SMEs includes that up to 100% of…