Belgium: Adopted Law concerning the introduction of a minimum tax for multinational enterprise groups and large national groups

On 14 December 2023, the Belgian Chamber of Representatives adopted the law concerning the introduction of a minimum tax for multinational enterprise (MNE) groups and large national groups. The law transposes the Council Directive (EU) 2022/2523 into national law. The law is applicable to entities that are part of an MNE group or a large Belgian national group with an annual turnover of EUR 750 million or more, based on the consolidated financial statements of its ultimate parent entity for at least two of the four fiscal years immediately preceding the examined fiscal year. The law specifies the calculation methods for determining the tax owed. Further, the law specifies that if the tax rate for an MNE group or a large national group in Belgium falls below the minimum tax rate for a tax year, an additional national tax is imposed on the determined amount for the constituent entity established in Belgium.