From 1 July 2021, the new European VAT rules for e-commerce will be transposed into Belgian law. These rules aim to simplify the levying of VAT on cross-border online sales of goods and services.

Essentially, there are two ways in which tax losses can be recovered.

A pure holding corporation that only holds shares and receives dividends will not be considered to be carrying out an economic activity within the meaning of VAT and will not be considered a VAT payer.

Since the law of 24 December 2002, it has been possible to submit a formal ruling request concerning income tax, VAT, customs duties and excise duties, etc.

In order to limit the economic impact of the coronavirus / COVID-19 outbreak on both businesses and the economically unemployed, several measures aimed at providing financial support have been adopted by the Belgian (federal and regional) governments. This memo provides for a summary of the fiscal and social security measures, as well as other support measures or financial incentives, which shall apply or could be made recourse to when a company is experiencing financial difficulties due to the COVID-19 outbreak, albeit limited to their core.