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Latest news & developments

COVID-19: New supportive Belgian tax measures

20 May 2020

On 16 May 2020, after the first wave of supportive measures to mitigate the consequences of the COVID-19 crisis, the Council of Ministers adopted a draft law including new tax recovery measures. These provisions have as main aim to avoid a series of bankruptcies and to help companies to rebuild their liquidity and solvency positions.

Administrative circular on spin-off transactions

19 May 2020

On April 20th, 2020, the Belgian Tax Administration issued the  circular 2020/C/55 further detailing the tax treatment of spin-off transactions according to article 264, first paragraph, 4° of the BITC 92. Context As a reminder, the so-called spin-off transactions are not demerger transactions nor transactions assimilated to a demerger, as defined by article 2, §1,

Brexit and COVID-19: another extension debate?

18 May 2020

As, today, companies‌ ‌are‌ dealing, as a priority, with the impact of ‌the COVID-19 crisis on their overall business, the question arises what impact COVID-19 will have on the Brexit timeline. ‌ The‌ ‌UK‌ ‌formally‌ ‌left‌ ‌the‌ ‌EU on‌ ‌31‌ ‌January 2020.‌ Unless an extension is requested before 1 July, the agreed transition period will

COVID-19 #15 Management Participation Schemes under water

18 May 2020

The fact that Governments are gradually defining their exit strategy, does unfortunately not imply that managers are already seeing the exit horizon they were hoping for when they invested in the group. As we may have left the path of a buoyant M&A market, a lot of managers may be in dire straits as their

COVID-19 #14 Impact of decreasing EBITDA on interest deductibility

13 May 2020

You don’t need a crystal ball to predict that a lot of companies will be confronted with a lower EBITDA than projected. Especially for highly leveraged businesses, this may bring some additional challenges. Indeed, by transposing the interest limitation rules embedded in the EU Anti-Tax Avoidance Directive (‘ATAD I’) in national law, Belgian taxpayers may

Parliamentary Committee approves corona tax measures

8 May 2020

Next to the impact on human health and lives, the COVID-19 pandemic also has a worldwide economic impact. Businesses are being impacted, the economy slows down and families have less purchasing power. In Belgium, the latter is compensated to a certain extent by temporary employment due to force majeure. This week, various measures have been