Budgetary control: additional taxes and reforms

On Tuesday 11 April 2016, the federal government reached an agreement on the budgetary control. Extra income and tax reforms need to close a gap of around 2.2 billion euros in order to maintain a structural balance by 2018.

The government agreed on the following tax measures:

  • New taxes on online gambling, Airbnb and Uber;
  • An advanced increase in excise duty on diesel and tobacco (see Belgium-1, News 24 July 2015);
  • Various measures as a result of the panama papers (sanctions, exchange of information, seizure of funds, collecting of evidence and audit period);
  • A reform of the corporate income tax (plans to be submitted by September);
  • Asylum seekers will not immediately able to enjoy certain tax advantages. The benefits would only be available after several months;

One thought on “Budgetary control: additional taxes and reforms

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s