Government measures in key jurisdictions 3rd edition final - Flipbook - Page 14
Belgium
Tax
Has any new
legislation been
introduced in light of
Covid-19?
In Belgium, the federal and regional governments have provided many tax supports measures.
At the
•
Law of 29th May 2020 concerning urgent tax provisions due to Covid-19:
- Tax shelter film and theatre: extension of the period within which the producer must
incur expenditure in order to meet the conditions for the "tax shelter" for audiovisual works
and performing arts
- No VAT on donations of medical supplies to hospitals
- For natural persons: tax reduction for gifts
- For companies: deduction as professional expenses
- For self-employed persons: deduction as professional expenses
- Modification of the prepayment rates of income tax
•
Federal Public Services Finance can foresee repayment schemes for existing fiscal debts for
businesses that find themselves in difficulties due to the Covid-19 outbreak. It applies to
withholding tax, VAT, personal income tax, corporate tax and legal entities tax.
•
Companies with a balance sheet date from 1 October 2019 up to and including 30 December 2019
have a new deadline of 7 months as from the balance sheet date, for filing the declaration for
corporate tax, legal entities tax, and non-resident tax.
•
Deferment of VAT-declaration and intracommunal statements filing.
•
Deferment for the payment of VAT, personal income tax, corporate tax and payroll withholding
tax.
•
VAT rate of 6% on the supply, intra-community acquisition and importation of protective
equipment from 4 May to 31 December 2020.
•
Covid-19 virus should be considered as an exceptional circumstance justifying the exemption of a
write-down on a trade receivable.
•
Deferment for the payment of the special VAT declaration 629.
•
Non-taxable telework compensation up to 129,48 EUR per month to cover costs like electricity and
small office supplies.
The Belgian federal government introduced an optional powerful tax measure in response to
the Covid-19-crisis:
– carry back of tax losses of companies: deduct the loss of FY2020 from the taxable profit of
FY2019
•
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•
The Belgian federal government also proposed a reconstruction reserve in order to improve the
solvency of companies in the longer term. This should be voted the second week of July.
•
Exceptional teleworking measures for cross-border workers due to Covid-19 virus:
– the presence of cross-border workers Belgium – Luxembourg in their place of residence will
not be taken into account for the calculation of the 24-day period,
– the presence of French cross-border workers in their place of residence in France
will not be taken into account for the calculation of the 30-day period,
– the presence of cross-border workers Belgium – the Netherlands in their place
of residence due to Corona measures will not be taken into account, and
– the presence of cross-border workers Belgium – Germany in their place of residence due to
Corona measures will not be taken into account.
Government measures in key jurisdictions