Belgium Gazettes Law Introducing Brexit Transitional Tax Provisions

The Belgian Official Gazette March 12 published a law introducing transitional tax provisions for various transactions between Belgian and U.K. businesses and individuals during Brexit. The law includes measures providing a transitional period for: 1) insurance benefits in contracts concluded on or before Dec. 31; 2) withholding tax exemptions on remuneration due to researchers completing R&D projects with universities; 3) capital gains realized before Dec. 31, relating to private investment companies in the U.K.; 4) transactions and contributions concerning U.K. companies that occur between Brexit and Dec. 31; and 5) the tonnage tax law. [Belgium, Official Gazette, 03/12/20]

Reference:
View ...