Tax Relief

Regulation on Belgian Gazettes introducing non permanent tax relief measures because of coronavirus

Daily tax report: International

April 15, 2021, 5:00 a.m.

The Belgian Official Gazette of April 13th published Law No. 2021020750, which introduced temporary tax relief measures due to the coronavirus pandemic. The law includes measures: 1) the extension of the VAT rate on masks and hydroalcoholic gels by 6 percent until June 30 from March 31 and the reduction of withholding tax by 15 percent under the system of temporary unemployment; 2) Provision of tax credits of up to 100,000 euros for shares acquired from January 1 to August 31 in small and medium-sized companies with sharp sales declines; 3) 30 percent tax reduction for landlords on uncollected rents for March, April and May; …

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