legal framework for fiscal adjustment

01 August 2016

by Julie Vantomme and Stephanie Vanmarcke

Legal framework for fiscal adjustment

Legal framework for fiscal adjustment

On August 1 2016 the permanent system with regard to fiscal and social adjustment entered into force.

Approval of the bill has been a long time coming. It was on this basis that the comments by the State Council were formulated regarding the division of powers between federal and regional government. Eventually it was decided that the adjustment of regional taxes would only be possible after the federal government enters into a corresponding cooperation agreement with the region in question.

As expected, the final publication of the legislation does not contain any significant new changes. The guidelines, as stated in previous drafts of the legislation, apply from August 1.

To find out more about fiscal and social adjustment, please contact one of our specialists at contact@vdl.be.

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Julie Vantomme

Senior Advisor Tax

Stephanie Vanmarcke

Team Manager International

In our opinions, we rely on current legislation, interpretations and legal doctrine. This does not prevent the administration from disputing them or from changing existing interpretations.