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Follow on Google News | Belgium Changes Withholding Tax RatesThe Belgian government has decided to reduce the rate of withholding tax on dividends paid by small- and medium-sized enterprise (SME) to 15 or 20 percent, depending on certain conditions (from 25 percent).
By: Nair & Co. Simultaneously, the Belgian government plans to increase the rate of tax imposed on liquidation bonuses (capital reimbursed to shareholders above paid-in capital) from 10 percent to 25 percent effective 1 October 2014. This move is proposed to align the tax rate applicable to liquidation proceeds with taxes imposed on certain other investment income. Companies operating in Belgium and those planning to set base in the country could benefit under the new reduced withholding tax rate for investments in SMEs. For more information about doing business overseas (http://www.nair- Subscribe (http://www.nair- Get the latest news releases and updates on international tax, HR, Finance, compliance and other legal news at Nair & Co. Industry Alerts (http://www.nair- About Nair & Co. Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point- Media Contacts For media enquiries or to learn to more about Nair & Co., please email us at media@nair-co.com or call Yvonne Smith at +1.408.501.8867 End
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