Belgium Repeals Patent Box Regime

The Belgian parliament has approved the repeal of the country's patent box regime (80% patent income deduction) with effect from 1 July 2016. The regime has been repealed because it does not comply with the new modified nexus approach developed as part of Action 5 of the OECD BEPS Project. Under this approach, the benefits received are to be aligned with the amount of R&D expenditure incurr…
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