Belgium Publishes Legislation Implementing New Interest Deduction Restriction from 2019 and Other Measures

On 22 March 2019, Belgium published in the Official Gazette the Law of 11 February 2019 on Fiscal, Anti-abuse, Financial, and Miscellaneous Provisions. One of the key measures of the Law, which was approved by parliament in January ({News-2019-02-07/A/2-previous coverage}), is the implementation of the country's 30% of EBITDA interest deduction restriction from 1 January 2019 (originally approved from 2020). Other measures of the law generally apply from 22 March.