Belgium Budget Measures for 2017 including Increased Withholding Tax

Belgium's program law for the implementation of the 2017 budget measures was published in the Official Gazette on 29 December 2016. The main tax-related measures include:

• An increase in the top withholding tax rates on movable income (dividends, interest, royalties) from 27% to 30% for amounts paid or attributed from 1 January 2017;
• An increase in the withholding tax rate on early distributions from liquidation reserves from 17% to 20% with effect from the 2018 tax year;
• The repeal of the sp…