Belgium: Corporate income tax reform; deferred taxes | KPMG Global
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Belgium: Corporate income tax reform enacted; implications for deferred taxes

Belgium: Corporate income tax reform; deferred taxes

The corporate tax reform law was published in the Belgian official gazette on 29 December 2017.


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Certain corporate tax reform measures are effective in 2018. Read TaxNewsFlash-Europe. Other corporate tax reform measures—for instance, an interest deduction limitation—will be effective beginning in 2020. Still other corporate tax reform measures will be effective beginning in 2019, including: (1) a regime of tax consolidation; and (2) provisions implementing the EU anti-tax avoidance directives (ATAD I and II). Read TaxNewsFlash-Europe

Given that the Belgian corporate tax reform was enacted before 31 December 2017, companies will need to consider the effects of these new measures in determining their deferred tax position under IFRS or U.S. GAAP for the reporting periods closed as of 31 December 2017.


Read a January 2018 report prepared by the KPMG member firm in Belgium

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