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Belgium Publishes 2023 Assessment Year Investment Allowance Rates — Orbitax Tax News & Alerts

Belgium has published a notice in the Official Gazette that sets out the investment allowance rates for the 2023 assessment year (2022 tax year). The following summarizes the applicable allowance rates for specific investment types made by companies:

  • For companies in general:
    • 13.5% for investments in patents, environmentally friendly R&D, and energy-saving and air ventilation or purification systems in hotels, restaurants, and bars;
    • 35% for investments in carbon-free (zero-emissions) trucks, charging infrastructure for blue, green, or turquoise hydrogen, and electric charging infrastructure relating to carbon-free trucks, acquired or set up between 1 January 2022 and 31 December 2023; and
    • 3% for investments encouraging recycling/reuse of containers/packaging for drinks and industrial products;
  • For qualifying small companies:
    • 13.5% for digital investments;
    • 20.5% for investments in security; and
    • for other investments (other than the above for small companies and companies in general and the investment below for maritime shipping):
      • 25% for investments made from 12 March 2020 to 31 December 2022; and
      • 8% for investments made from 1 January 2023;
  • For companies exclusively engaged in maritime shipping: 30% for investment in seagoing vessels (ships).

Note - The general conditions to qualify as a small company include that no more than one of the following is exceeded: 50 employees; EUR 9 million annual turnover; and EUR 4.5 million balance sheet total.