The Danish government is considering a bill which will change the tax position on employee stock options where they will only be taxed at sale and with a maximum tax rate of 42% rather than the maximum 52% tax applied to salaries.
The Brazilian government has issued a number of tax and administrative proposals which aim to tackle the forecasted R$30 billion deficit for 2016. The measures will have the effect of increasing taxes, mainly by reducing the number of tax incentives made available. However, it is the proposed increased tax on capital gains and the reintroduction of the CPMF social security contribution to help fund public health that have generated the most opposition.
In order to assist startups, the Dutch government has proposed a new R&D incentive that will be integrated with the current labor cost system that reduces wage withholding tax.
Provision will impact Belgian companies with Permanent Establishments in other EU member states, Iceland and Norway