Belgium Publishes 2021 Assessment Year (2020 Tax Year) Investment Allowance Rates

Belgium has published notice in the Official Gazette that sets out the investment allowance rates for the 2021 assessment year (2020 tax year). The following summarizes the applicable allowance rates for specific investment types made by companies:

For companies in general:

• 13.5% for investments in patents, environmentally friendly R&D, and energy saving and air ventilation or purification systems in hotels, restaurants, and bars (20% for investments made from 1 January 2019 to 31 Dece…