Belgian income tax – Belgian resident corporations Sample Clauses

Belgian income tax – Belgian resident corporations. Interest on the Notes received by a Noteholder subject to Belgian corporate income tax (vennootschapsbelasting / impôt des sociétés) (i.e., a company having its registered seat, principal establishment or seat of management or administration in Belgium) is subject to corporation tax at the current rate of 29.58 per cent. (i.e., the standard rate of 29 per cent. increased by the crisis contribution of 2 per cent. of the corporation tax due). Any capital gains realised on the Notes will be subject to the same corporation tax rate. Any capital loss on the Notes should as a rule be tax deductible.