- Parliamentary Approval and Publication: The Programme Law, which includes various tax measures, was approved by the Belgian parliament on July 18, 2025, and published in the Official Gazette on July 29, 2025, marking the completion of a lengthy legislative process that was initially scheduled to take effect on July 1, 2025.
- Key Tax Measures Effective Immediately: Significant provisions, such as the exit tax on company emigration and amendments to the VVPR-bis regime, will be effective from the publication date. Notably, companies can distribute existing liquidation reserves created in 2020 and 2021 at a new rate of 6.5% starting from July 29, 2025, despite earlier plans for a different timeline.
- Future Reforms and Implementation: Further reforms regarding carried interest and changes to liquidation reserve creation will take effect in the tax year 2026. Companies should note that declaration forms reflecting the new rates are not yet available, and they are encouraged to seek guidance on the substantive measures as needed.
Source Tiberghien
