Recent corporate and financial tax developments in Belgium affecting international operations

Describes and explains some of the new tax measures taken in Belgium during the second half of 2002 and the first half of 2003. First examines the amendments to the general corporate tax regime which pertain to the rate cut, the 10% tax on liquidation and redemption surpluses, the dividends-received deduction, the deduction of tax losses, and the reduced rate for foreign profits. Also considers the new coordination centre regime, the interest withholding tax exemptions and advance tax agreements.