On 1st of July2006,
a European Regulation
laying down implementing
measures for the 6th VAT
Directive shall enter
into force. This
Regulation (nr.
1777/2005 of 17 October
2005) shall be binding
in its entirety and is
directly applicable in
all Member States. These
guidelines were drawn up
in response to specific
questions of application
raised by Member
States...
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The Law of 22 June 2005 published in the Moniteur Belge of 30 June 2005 is important not only in introducing a new “deduction for risk capital” in the corporate tax structure and an abolition of registration duties on contributions in the share capital, but also in foreseeing the neutralisation of the new deduction by budgetary compensatory measures...
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