Minister of Finance Johan Van Overtveldt (N-VA) is waiting for a decision on the corporate tax reduction (Isoc) to be taken at the two super councils of ministers announced this summer. “The goal is that we reach an agreement at these two meetings”, commented Van Overtveldt, currently traveling to Israel. Initially planned for June, these two super councils of ministers are likely to be held during July.
“I see that the parties are now all in agreement that we need to review the corporate tax. Everybody agrees that 34% is too high.
At the end of May, the Chairman of the CD&V had suggested that any downgrade of the Isoc should no longer be associated with the creation of a tax on stock market gains, as the Flemish Christian Democrats demanded last year.
For him, the strategy of notional interests could subsist alongside a reduction of the Isoc. “The present approach may be too generous and we can achieve the same economic effects with a more selective system”, said the Minister of Finance.
Currently in Tel Aviv to attend an investor conference, Van Overtveldt has praised recent developments in Belgium. “The country has reduced net taxation on labour by 8 billion euros and is currently working on a corporate tax reform”, he said in a packed room.
The minister hopes to attract fintech, but also investors ready to support the growth of Belgian companies. The country does not lack capital to launch start-ups, but to grow, companies are often forced to obtain money abroad. The minister intends to offer a tax stimulus to investors ready to support the growth of our businesses.