Belgium: Notional interest deduction for assessment year 2024
The incremental notional interest deduction will be at its highest level since 2015.
Assessment year 2024
The incremental notional interest deduction for assessment year 2024 is 1.933%. The rate is increased by 0.5% for small and mid-size enterprises (SMEs), resulting in a rate of 2.433%. The rates are subject to official confirmation.
As a reminder, for an assessment year (e.g., 2024) the rate is calculated on the average return of the 10-year Belgian government bond in the months July, August, and September of the penultimate year preceding the assessment year (e.g., 2022). Given that the rate for September has been published, the notional interest deduction rate can now be calculated.
The notional interest deduction rate for assessment year 2023 is 0% (0.443% for SMEs).
Read a September 2022 report prepared by the KPMG member firm in Belgium
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