Corporate Tax Alert (7/2/2012)
European Commission asks Belgium to expand scope of application of notional interest deduction
The notional interest deduction regime allows Belgian corporate taxpayers to deduct a notional (or fictitious) interest, expressed as a percentage (currently 3%) of qualifying equity, from their taxable profits. The European Commission is satisfied with the regime as such but has officially asked the Belgian Government, on 26 January 2012, to expand its scope of application.
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