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Belgium - Belgium’s New Innovation Income Deduction Regime

Country:
Belgium
Author:
W.E.C. Heyvaert
Issue:
European Taxation, 2018 (Volume 58), No 5
Published:
5 April 2018
The Law of 9 February 2017 has replaced Belgium’s patent income deduction regime with a BEPS-compliant innovation income deduction regime effective 1 July 2016. Up to 85% of qualifying innovation income is allowed as a tax deduction. The taxpayer’s innovation income is limited to innovation income that has a sufficient nexus to Belgium. Pursuant to the CIT Reform Act of 25 December 2017, effective 1 January 2020, the actual CIT Rate on qualifying innovation income can be as low as 3.75%.
 
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