- Legislative Approval: The Belgian Chamber of Representatives approved a new law containing various tax provisions, which was formally enacted by King Filip on December 20, 2024.
- Income Tax Changes: The law amends the Income Tax Code of 1992, including provisions related to financial contributions linked to EU regulations regarding sanctions against Russia and specific rental agreements involving social housing.
- Confirmation of Royal Decrees: Several royal decrees regarding withholding tax adjustments and flexi-job regulations are ratified, taking effect from their respective dates of enactment.
- Improved Compliance Measures: The law enhances measures for the automatic exchange of tax information and updates reporting obligations for financial institutions and platform operators concerning data protection.
- Implementation Timeline: Key provisions of the law will come into effect in 2024 and 2025, aiming to improve Belgium’s tax framework and compliance efficiency.
Source Belgisch Staatsblad
