- Introduction of Investment Lists: The Royal Decree issued on December 20, 2024, establishes investment lists and a climate and environmental exclusion list as per the Income Tax Code, specifically articles 69/1 and 75. These lists will determine which digital assets qualify for enhanced basic deductions.
- Eligibility for Enhanced Deductions: The decree specifies that the enhanced basic deduction and thematic deductions will apply to fixed assets obtained or established from January 1, 2025, aimed at informing eligible businesses of their compliance obligations.
- Digital Investment Criteria: The decree outlines that investments in certified cash systems, digital systems for financial management, and software for customer relationship management will be eligible for enhanced tax deductions. This includes investments that ensure GDPR compliance.
- Replacement and Restoration of Annexes: Several annexes of the Income Tax Code are being updated or reinstated to reflect these changes, including the replacement of Annex II and the restoration of Annex IIbis, which were previously amended.
- Effective Date and Implementation: The new provisions will come into effect on January 1, 2025, with the Minister of Finance responsible for executing the decree, aimed at promoting digital investments and compliance among businesses.
Source Belgisch Staatsblad
