Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.
Factsheet for measure BE-2021-1/1913 – measures in Belgium
Country | Belgium , applies nationwide |
Time period | Temporary, 01 January 2021 – 31 August 2021 |
Context | COVID-19 |
Type | Legislations or other statutory regulations |
Category |
Promoting the economic, labour market and social recovery into a green future
– Support for spending, stimulus packages |
Author | Dries Van Herreweghe (Katholieke Universiteit Leuven) and Eurofound |
Measure added | 08 June 2021 (updated 29 June 2021) |
The government launches the Tax Shelter COVID-19 to promote the injection of risk capital into small companies that, due to the COVID-19 crisis, are in need of additional resources to finance their operations. This Tax Shelter COVID-19 is very similar to the existing recurrent Tax Shelters for start-ups and growth companies.
The measure has been approved by parliament on 1 April 2021 and is aimed at small enterprises that have been confronted with significant turnover reductions in the second COVID-19 wave.
The measure is intended for small enterprises, so several conditions apply:
Whereas pre-COVID-19 this measure was aimed at start-ups and scale-ups, currently company age is no longer a prerequisite.
A difference between the systems is however that in the COVID-19 variant it is not allowed to pay out dividends to shareholders.
However, it is important that the turnover of the enterprise has decreased with at least 30% between 2 November 2020 and 31 December 2020 (compared to the same period in 2019). In case the company was not active in 2019, this turnover numbers are compared to the expected turnover as stated in the financial plan.
No data available
Workers | Businesses | Citizens |
---|---|---|
Does not apply to workers |
SMEs
|
Applies to all citizens |
Actors | Funding |
---|---|
National government
|
National funds
|
Social partners' role in designing the measure and form of involvement:
Trade unions | Employers' organisations | |
---|---|---|
Role | Unknown | Unknown |
Form | Not applicable | Not applicable |
Social partners' role in the implementation, monitoring and assessment phase:
No information available
No information available
Citation
Eurofound (2021), Tax Shelter COVID-19, measure BE-2021-1/1913 (measures in Belgium), EU PolicyWatch, Dublin, https://static.eurofound.europa.eu/covid19db/cases/BE-2021-1_1913.html
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