The European Commission declares Belgian rulings illegal
The European Commission has concluded that the so-called "excess profit rulings" agreed between the Belgian tax authorities and a number of multinationals must be annulled. After the Netherlands and Luxemburg had already been reprimanded for tax schemes, it is now Belgium's turn.
More specifically, with the rulings, a part of the multinationals' profit became exempt from taxes in Belgium. The Commission has now decided that these rulings constitute illegal state aid.
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Disclaimer
We base our advice on current legislation, interpretations and legal doctrine. This does not prevent the administration from being able to challenge it or to change existing interpretations.
We base our advice on current legislation, interpretations and legal doctrine. This does not prevent the administration from being able to challenge it or to change existing interpretations.
Hannelore Durieu
Dries Torreele