Some time ago, the Belgian government announced tax reforms that will, in time, result in a reduction in the standard rate of corporation tax to 33.99%. At present, the new, lower rate includes what is referred to as a crisis contribution (a surcharge of 3% on the tax charge). The eventual aim is to do away with the 3% supplement, thus bringing the ultimate rate down to 33%. The time scale for the reform is not yet set in stone: the Treasury has indicated January 1 2002 as a possible introduction date.
December 01 2001
