CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Belgium Urged To Undertake Indirect Tax Shift

Belgium Urged To Undertake Indirect Tax Shift

by Ulrika Lomas, Tax-News.com, Brussels

22 March 2017


Belgium should reduce its high corporate income and labor taxes and eliminate value-added tax (VAT) concessions, the International Monetary Fund (IMF) has said in its Article IV report for the country.

The report notes that Belgium intends to reduce its high personal income tax and social security contribution rates in 2018-2020. However, plans for corporate income tax reform have yet to be agreed.

The IMF recommended that Belgium could target a revenue-neutral adjustment by hiking environmental taxes, eliminating deductions and exemptions, including on VAT and for company cars. It said the authorities' plan to lower the relatively high corporate income tax (CIT) rate has clear merits but Belgium should add to its plans revenue-offsetting measures to ensure that the country's fiscal consolidation strategy remains on track.

TAGS: environment | VAT rates | tax | investment | business | value added tax (VAT) | Belgium | tax avoidance | interest | International Monetary Fund (IMF) | environmental tax | social security | dividends | tax reform | services | VAT goods & services classification

To see today's news, click here.

Leave a comment

Read our Posting Guidelines

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 






Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Tax-News+ Updates

Receive FREE daily updates from Tax-News.com, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...

 

Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »