Belgium Lower House Considers Bill on Various Tax Reforms

The Belgian Chamber of Representatives April 25 accepted for consideration Bill No. 56K0856013, on various tax reform proposals. The bill includes measures to: 1) harmonize the boarding tax to a single rate of 5 euros (US$5.69); 2) maintain the 10 percent participation requirement for dividend deductions, except for small businesses; 3) introduce a 10 percent capital gains tax on financial assets, including crypto assets and hybrid vehicles, to promote environmental sustainability; 4) remove the limitation on carrying forward investment deductions and harmonize the rate at 40 percent; 5) increase the VAT rate on coal to 21 percent from 12 percent, ...