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Belgium: Corporate Income Tax Consolidation
1/18/2019
Effective January 1, 2019, Belgium introduced a Corporate Income Tax (CIT) consolidation regime. The regime is open to Belgian companies, EEA companies, and Belgian branches of foreign companies where there is a 90 percent direct connection for at least five years (or an indirect connection via an intermediary holding company). When a group of companies is consolidated for CIT purposes, a profitable company may make a “group contribution” to a loss-making company in exchange for the loss-making company’s tax losses.