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In May 2024, the investment deduction was reformed for all investments made or established as of 1 January 2025. Through a Royal Decree of 20 December 2024, published in the Belgian Official Gazette on 31 December 2024, the legislator clarifies which investments are eligible for the new thematic deduction. In this article, you will find a summary of the published investment lists.

In the framework of the 15% minimum taxation rules for large international and domestic groups, also known as Pillar II, Belgian group entities were required to file a P2-Notification by July 13, 2024. This deadline is now postponed to September 16, 2024 for Belgian group entities that do not plan to make Pillar II prepayments in 2024.

If you, as an entrepreneur, invest in new tangible or intangible fixed assets used for your business activities in Belgium, you can claim the investment deduction. Through the investment deduction, sole traders and companies receive a tax deduction higher than the acquisition or investment value of the investments concerned.

As a general rule, expenses incurred by a company in the context of its economic activity are deductible for tax purposes. For certain expenses however, Belgian tax legislation allows no deduction or a partial deduction for tax purposes. This table provides an overview of common expenses that are (partially) disallowed for corporate income tax and VAT for financial year 2024 (and related tax year 2025).

On December 14, 2023, the parliament approved the introduction of the so-called minimum taxation. This is the Belgian implementation of the EU Pillar Two Directive (and aligns to a large extent with the OECD pillar 2 plans). The objective of this minimum taxation is to subject entities that are part of large corporate groups to an effective tax rate of at least 15%. The minimum tax will apply to taxable periods commencing as of December 31, 2023.

The program law of December 27, 2021 mentions a new regime for expatriates coming to Belgium. Under this new legislation, there is a Special Tax Regime for Incoming Taxpayers and a Special Tax Regime for Incoming Researchers. The social security authorities confirmed on February 7, 2022 that they will also grant an exemption for this regime.