Corona Newsflash! Additional Tax Measures

In order to soften the financial impact of the COVID-19 virus as much as possible, the federal government has taken additional measures on March 18, 2020 to create more financial breathing space for enterprises, entrepreneurs and households. 

VAT

1. Automatic deferral of the filing of VAT returns, IC listings and client listings

VAT return relative to

Postponed to

February 2020

6 April 2020

March 2020

7 May 2020

First quarter 2020

7 May 2020

The annual client listing (deadline 31 March 2020) has been extended until 30 April 2020. Taxpayers who have ceased their activity must file the client listing by the end of the 4th month following the cessation of the VAT activity.

Starting taxpayers or holders of a monthly VAT refund license who benefit from the monthly refund of their VAT credit are also granted a postponement, but only until the 24th of the month following the reporting period. 

2. Automatic deferral of payment of VAT

Payment related to

Postponed to

Monthly VAT return – February 2020

20 May 2020

Monthly VAT return – March 2020

20 June 2020

Quarterly VAT return – 1st quarter 2020

20 June 2020

           

PROFESSIONAL WITHHOLDING TAX

1. Automatic deferral of payment of withholding tax

Payment related to

Postponed to

Monthly PWT return - February 2020

13 May 2020

Monthly PWT return - March 2020

15 June 2020

Quarterly PWT return - 1st quarter 2020

15 June 2020

     

CORPORATE INCOME TAX / LEGAL ENTITY TAX / NON-RESIDENT TAX

1. Automatic deferment of the filing of the CIT, legal entity tax and CIT-NR declarations

The corporate income tax, legal entity tax and non-resident company tax returns of taxpayers is postponed to Thursday 30 April 2020. This additional period only applies for tax returns with a filing deadline of 16 March to 30 April 2020.

2. Automatic extension of the corporate income tax payment term

As for the payment of corporate income tax, non-residents’ tax and legal entity tax, an additional period of 2 months will automatically be granted, on top of the normal payment period and without charging interest for late payment (assessment year 2019).

       

PERSONAL INCOME TAX

1. Automatic extension of the corporate income tax payment term

In accordance with the corporate income tax, an additional period of 2 months is granted regarding the payment of personal income tax, without charging interest for late payment.

In addition to this automatic deferment of payment, companies can also apply for previous published aim measures concerning the payment of debts relating to withholding tax and VAT. Through this request, additional payment periods, an exemption from late payment interest and/or a remission of fines for late payment can be granted. An application must be submitted before 30 June 2020 using the form available on the government’s website: https://www.info-coronavirus.be/nl/ .

Given the current situation, the measures may change in the short term. We will keep you informed of further developments.

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