Belgium Publishes Bill on Job Creation and Purchasing Power

On 30 December 2015, Belgium published the Bill on Job Creation and Purchasing Power in the Official Gazette as adopted by parliament on 17 December. The main measures included in the legislation are as follows:

• The domestic withholding tax on dividends, interest and royalties is increased from 25% to 27%, while the applicable reduced rates are unchanged;
• The general investment deduction for corporate tax purpose is increased to 8%, and a supplementary spread deduction is introduced for inve…