Belgian Resident Companies. Belgian resident companies will be subject to Belgian corporate income tax, generally (unless the reduced corporate income tax rates apply) levied at a rate of 33.99%, on the interest payments made on the Convertible Bonds. Capital gains realised in respect of the Convertible Bonds, including the conversion gain realised upon conversion of the Convertible Bonds, will also be part of the company’s taxable income. Capital losses should be tax deductible.
Belgian Resident Companies. For Belgian resident companies, the dividend withholding tax does not fully discharge the corporate income tax liability. Gross dividends received must be reported and will be subject to corporate income tax generally (unless the reduced corporate income tax rates apply) at a rate of 33.99
