Mondaq: Belgium Introduces An 80 Percent Tax Exemption For Patent Income
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Started by: zoobabzoobab
Date: 15 Nov 2007 13:52
Number of posts: 1
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Summary:
The recent introduction of a favourable tax exemption for patents should provide a significant fillip for companies involved in research and development in Belgium. Research and development is the big winner from the introduction of a favorable tax regime for patent income in Belgium.This regime should, together with the notional interest deduction, further attract foreign investors to Belgium and be welcomed by existing Belgian companies and branches. The new tax incentive for patents comes down to an 80 percent tax exemption of patent income as a result of which the nominal tax rate for such income.
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