On 4 July 2025, President Trump signed his “One Big Beautiful Bill” (OBBB), a law introducing sweeping reforms in personal and corporate taxation. The legislation affects both individuals and companies and has far-reaching consequences for foreign investors. What are the key changes?

On July 30, 2025, the tax administration published the circular on the exemption from remittance of payroll withholding tax for shift work. It clarifies the application of the bis scheme and introduces an administrative tolerance.

On 21 July 2025, the De Wever federal government reached a political agreement known as the Summer Agreement 2025. It includes a series of reforms aimed at increasing labour market flexibility, making work financially more attractive, and ensuring the long-term affordability of pensions.