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Belgium Parliament Considering Legislation Including New Interest Deduction Restriction from 2019 — Orbitax Tax News & Alerts

The Belgian parliament is currently considering draft legislation that would, among other changes, implement the countries 30% of EBITDA interest deduction restriction from 1 January 2019. The restriction, which is in line with the EU Anti-Tax Avoidance Directive, was already approved as part of the 2018 tax reform legislation, but with an effective date of 1 January 2020. The government has requested urgency in the approval of the legislation and it is expected that it will be approved in the near future.