Belgium proposes a fairness tax on dividend distributions

July 2013


The Belgian government recently agreed on the 2013-2014 budget, which included new tax measures. The bill implementing part of these measures was introduced into the Chamber on July 8.

The most important measure announced is the new 'fairness tax' on companies distributing dividends. The 5.15% tax would be levied on companies that distribute dividends but do not pay corporate income tax due to tax loss carryforwards or notional interest deductions.  

The full details of these measures are not yet available. However, US MNCs with Belgian subsidiaries or branches should consider the potential impact of the new fairness tax, as well as the other proposed tax changes.

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