This content was first published on IGR – Italian Gemological Review no. 1 in 2017. The information provided here is therefore current as of the original publication date.
The Belgian parliament has approved a new tax regime specifically meant for the diamond industry located in Antwerp. The continuous disputes on the estimations of gem stocks for companies is the tender subject that led the fiscal authorities of Brussels to look for a more slender model of taxation This was in fact, the calculation to be carried out in order to determine the profit income. From 2017 the Carat Tax will be paid, a taxation levied in a simplified way (by about 2.1%) only on the company volume of business. This provision is meant to recreate a climate of certainty as for the fiscal taxation, attracting back to Belgium many companies that found it convenient to move their operation offices far from Antwerp.
Gem News by Trasparenze News, published on Rivista Italiana di Gemmologia #1, May 2017.
