Belgium Government Submits Tax Plans to Parliament Including Stricter Requirements for Participation Exemption and Extension of Exit Tax

The Belgian Chamber of Deputies is considering a draft law submitted on 27 May 2025 that provides for the implementation of certain tax reform plans detailed in a government policy note in April 2025 ( previous coverage). This includes, among others, strengthening the conditions for the dividends received deduction (participation exemption), amending the liquidation reserve requirements and tax rate, extending the treatment of the emigration of a legal entity as a fictitious liquidation to t…