Belgian Tax Bill Updates 1999 Employee Stock Option Regime
After approving a bill that will cut the average corporate income tax from 40.17 percent to 33.99 percent, the Belgian Senate on 23 December approved wide-ranging legislation (the so- called Loi Programme) that includes several tax provisions. The bill, which has no less than 1,000 provisions has been pushed quickly through Parliament. This is understandable in view of the 2003 elections; many of its provisions will be subject to a vote by the by the electorate. Some of those provisions are of a fiscal nature, and those are discussed in more detail below.
Belgian Tax Bill Updates 1999 Employee Stock Option Regime, Tax Notes International, 6 January 2003, p. 20