One issue hardly discussed to date is the effect of capital gains tax on price formation in the transfer of a business. Because frankly, there is “capital gains tax valuation,” but on what exactly? For now, this remains unclear.

Since the 2024 tax year, the scope of the rules regarding Controlled Foreign Companies (CFC) has been significantly expanded. These regulations aim to tax undistributed passive income from certain foreign subsidiaries or entities of Belgian shareholder companies. The expansion has led to a complex set of rules. To provide more clarity on this matter, the tax authorities published a circular.

From 2025, VAT administration is making some important changes as part of the modernisation of the VAT chain. However, a recently published circular now provides for a transition period until 30 September, and retains some administrative tolerances.