Belgium Publishes Notice on Notional Interest Deduction Rate for 2019 Assessment Year

On 5 September 2018, Belgium published a notice in the Official Gazette on the notional interest deduction (NID) rate for the 2019 assessment year (2018 tax year). The notice includes that the standard NID rate is 0.746%, while the rate for SMEs is 1.246%. The standard rate is based on the average yield on 10-year government bonds in the months of July, August, September of the second year preceding the year of assessment (i.e., 2017 for the 2019 assessment year). For SME's, the standard rat…