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Belgian Constitutional Court Annuls Retroactive Application of Harmonized Bank Tax

|Approved Changes|Belgium
Belgium

Belgium's Constitutional Court issued Decision No. 130/2023 on 21 September 2023 regarding an appeal for the annulment of retroactive provisions of the Law of 3 August 2016, which entered into force on 21 August 2023, introducing the harmonized bank tax. The bank tax replaced several prior taxes, including the annual taxes on credit institutions, collective investments, and credit and insuranc…

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