Sabine Graziosi, KPMG

At the end of November 2011, the negotiators for a new Belgian federal government reached an agreement on the budgets of the following years, which included a series of tax measures affecting companies as well as individuals. The most urgent of these measures are implemented by the law containing various measures of December 28 2011.

For corporate income tax, the maximum rate of the notional interest deduction is capped at 3% (3.5% for SMEs) as from assessment year 2013.

Withholding tax...