Special Tax Incentives for Chinese Companies to set up a European Headquarter in Belgium

- 1 -Federal Public Service Finance

Belgium - Federal Public Service FinanceFiscal Department for Foreign Investments

比利时财政部外商投资财政处

Special Tax Incentives for Chinese Companies to set up a European

Headquarter in Belgium

比利时的税务激励措施 ----针对想在比利时设立欧洲总部的中国企业

Marc DE MIL


Effective (Average) Corporate Tax Rate (ECTR) 2009*2009 年有效公司税率的平均值

Sources : Report 2009, made by ZEW (Centre for European Economic Research) for the EU CommissionProject : Taxud/2008/CC/099, Mannheim and Oxford, October 2009

*(based on asset and source of finance) Especially in Belgium, the ECTR is considerably below statutory tax rates (-9,3%)特别是在比利时，有效公司税率明显地低于法定公司税率

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Sources : Report 2009, made by ZEW (Centre for European Economic Research) for the EU CommissionProject : Taxud/2008/CC/099), Mannheim and Oxford, October 2009

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Nominal Corporate Tax Rate = 34 %

Effective Corporate Tax Rate = 24,7 %

Effective (Average) Corporate Tax Rate (ECTR) 2009*2009 年有效公司税率的平均值*(based on asset and source of finance) Especially in Belgium, the ECTR is considerably below statutory tax rates (-9,3%)特别是在比利时，有效公司税率明显地低于法定公司税率


1. Notional Interest Deduction 概念利息扣减2. Tax Ruling 税务机制3. Unique tax features for R & D 独特的研发项目税收特点4. Dividend withholding tax exemption 股利扣缴税减免5. Expatriate status 外籍人员情况

INVEST IN BELGIUMINVEST IN BELGIUM


What is it?什么是概念利息扣减？ A notional interest calculated and deducted

yearly from the taxable basis 每年计算并从应税基数中扣减掉的概念利息

used to off-set operational or financial income (thus lowering effective tax rate)

通常用来抵销营运或财务收入（降低有效税率）

1. Notional Interest Deduction 概念利息扣减


Who? 哪些企业适用？

Companies subjected to

- Corporate tax 比利时公司- Non-residents / Corporate Tax 外国公司



How does it work ? 怎样计算概念利息扣减？

Annual Tax DeductionAnnual Tax Deduction （（年度税额扣减年度税额扣减））==

EQUITY EQUITY （资产净值）（资产净值） X RATEX RATE （扣减率）（扣减率）



EXAMPLE 1: 例 1(Return on Equity: 4%) 资产净值收益率

Assets （资产） Liabilities （负债）

Group Financing( 集团融资 )10,000

Share Capital （股本） 10.000

P&L Account( 损益账户 )Before N.I.D.

（概念利息扣减前）After N.I.D

（概念利息扣减后）

Profit before tax （税前利润 ) 400 400

N.I.D. (3%) （概念利息扣减） / - 300

Taxable （应税利润） 400 100

Corporate Tax (33,99 %) （企业税） 135,96 33,99

Effective Tax Rate （有效税率） 33,99 % 8,5%



« Qualifying » equity“ 合格”的资产净值

Equity = total equity as defined under Belgian GAAP

(includes retained earnings)

in the opening balance sheet of the taxable period

“adjusted” to avoid double use and abuse.

资产净值 = 按比利时 GAPP （国际公认会计原则），经过调整以避免重复

计算或滥用的、应税期间内的初期资产负债表的总资产净值（包括保留

收益） .



Interest Rate 概念利息扣减比率 Fixed yearly

• For 2012 (Tax Year 2013) : 3 %

2012 年的固定比率为每年 3 % （纳税年度为 2013 年）

• For SME’s + 0,5 % : 3,5 %

2012 年中小型企业的概念利息扣减率为 3,5 % （纳税年度为其2013 ）



Advanced decisions or ruling is about creating CONFIDENCECONFIDENCE to invest in Belgium;

预先裁定机制是为了巩固在比利时投资者的信心。

The investor describes the facts, allowing the tax administration to determine, in advance, how the tax laws are to be applied on a CASE BY CASE BASISCASE BY CASE BASIS

投资者提供实事说明，使税务管理部门能事先决定怎样将税法逐案应用。 It ensures a LEGALLY BINDING ACCURATE FORECAST

of all the tax implications of your investment project.

确保投资者依法准确预测其投资项目的所有税务问题。

2. Tax Ruling 税务（裁定）机制


Characteristics of the Belgian ruling 比利时税务（裁定）机制特点：

Ruling on all kind of taxes (Corporate, Personal, VAT,..) 适用于不同的税收种类（如：企业税，个人所得税，增值税等） Case-by-case ruling in a new open culture 在一种全新开放的文化中逐案预定 Legal certainty for investors 对于投资者来说有法律上的确定性 In accordance with international rules 遵守国际准则 Open to potential AND existing investors 对潜在的和现有的投资者均开放 Legally binding for a 5 year renewable period 具有五年可更新的法律约束力 Economic “substance” required 需要有经济“实质”

2. Tax Ruling 税务（裁定）机制


1/ Patent income deduction 专利收益扣除

What is it ? 什么是专利收益扣除？ Deduction of 80% of the income from patents from the

taxable basis, resulting in an effective tax rate of maximum 6,8% on this income

在原来的专利收益应税基数中再扣减 80% 的专利收益，这样，专利收益的有效税率将不会超过 6 ， 8%

Who can benefit ? 谁可获益？Belgian companies and Belgian establishments of foreign companies

比利时公司及外国公司在比利时设立的机构。

3. Unique tax features for R & D独特的研发征税特点


1/ Patent income deduction 专利收益扣减

Example 例 Patent income: 专利收益 100 Deduction 扣减 : (80) Taxable basis 应税基数 : 20 Corporate Tax (33,99%) 公司税 (6,8) Net income after tax: 税后净收入 93,2

Effective Tax rate: 有效税率 6,8 %



1/ Patent income deduction 专利收益扣减

Patents concerned 符合条件的专利为： self-developed by a Belgian company or branch in R&D centers (*) in

Belgium or abroad;

由比利时境内或境外的比利时公司或是研发中心的分公司自主研制的专利。 acquired by a Belgian company or branch provided they are being

further developed in R&D centers (*) in Belgium or abroad (by acquisition, or license,…)

在比利时境内或境外，由比利时公司或是分公司购得的且会在研发中心进一步发展的专利（购得专利或是获得专利的使用权）。

(*) R&D center must qualify as branch of activity 研发中心必须作为活动的分支。



1/ Patent Income Deduction 专利收益扣减 Calculation of the deduction 扣减的计算方式

For patents that are licensed: 80% of the patent income received, to the extend the income is at arm’s length

对于已授权专利：在扣减后应税基数不小于零的情况下，可以扣减专利收益的 80% 。

For patents that are used in the production process: deemed deduction of 80% of the at arm’s length royalty that would have been received had the patents been licensed to unrelated third parties 。

对于使用于生产过程中的专利：在授权给无关的第三方使用时，默认为，在扣减后应税基数不小于零的情况下所得的专利收益可扣减 80% 。



2/ 75% exemption from withholding tax on the remunerations of researchers, in favour of employers 扣减研发人员工资预扣税中的 25% ，雇主可从中得益。

Principle （规则） : the salary withholding tax is normally retained on the remunerations paid to the researcher,

but the amount of tax so retained must not be totally paid to the Revenue Collector 。

(= extra financial means for the employer)

工资预扣税一般是从发给科研人员的薪酬中扣除，但预扣下来的税收不会完全上交税务署长。（ = 雇主的额外的财政手段）

For researchers with a specific degree, engaged in R&D program

限于一定级别及参与某个研发项目的科研人员



Parent company 母公司(treaty partner of Belgium)

比利时的协约合作伙伴

Belgian Subsidiary 在比利时的子公司

• No WHT

（无预扣税）

• No LOB

•（无收益限制）

• 10% shareholding ）（ 10% 的股权）

• 12 months

（ 12 个月）

4. Dividend withholding tax exemption

股息扣缴税的豁免


Extensive tax treaty network


For foreign executives and managers temporarily detached in Belgium : 对外国管理人员具有吸引力的条件：

Tax free expatriate allowance 免税津贴 (cost of living, cost of housing, tax equalization) （生活成本，住房成本，税务均等）

operational entity: 运营个体： 11.250 € / an HQ or R&D centre: 总公司或研发中心： 29.750 € / an

Reimbursement of non-repetitive expenses 非重复性的开支补偿

(installation costs, moving expenses, school fees) （住房开支，搬家开销，学费） unlimited amount tax free （免税时无数额限制）

« Travel exclusion »: 旅行除外

workdays performed outside Belgium tax free in Belgium

在比利时以外的地方进行的工作日在比利时免税

5. Expatriate status 外派人员情形


5. Expatriate status 外派人员情形

For employers: （对雇主而言）

No tax, no social security contributions on expatriate allowances and reimbursement of expenses

对外籍人员津贴及其开支补偿免税及免收社会保障金

Deductible from Corporate tax

可以减少公司税


Contact

Marc DE MIL

[email protected].: +32 257 870 19Cell : +32 4707 870 19

Special Tax Incentives for Chinese Companies to set up a European Headquarter in Belgium

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