Belgium Court Confirms Condition for Reduced Tax for on Dividends from SMEs

A 23 May 2019 decision of the Belgian Constitutional Court has been published concerning the conditions for the special reduced dividends withholding tax rate of 15% for SME's as it applied between 1 January 1994 and 1 January 2013. The case involved a company that had increased its capital in 2002 and distributed dividends in 2007 to 2011. When the distributions were made, the company considered that its increase in capital had qualified it for the reduced rate and therefore withheld tax at…