28 10, 2020

All about the ‘carry back scheme’

2020-11-17T09:42:24+01:00October 28th, 2020|To The Point|

All about the ‘carry back scheme’ Tax support promotes solvency during the COVID-19 crisis For many entrepreneurs, the coronavirus crisis is having a significant impact on their financial forecast for the current financial year. To avoid needlessly increasing costs, the government has launched the so-called carry back scheme. This is an early loss deduction for corporate, personal tax and non-resident income tax (companies/natural persons). Let us explain. Authors: Amber Van Landeghem, Advisor, Liesbeth Debusschere, Manager BDO [...]

28 10, 2020

Do’s and don’ts of the group contribution scheme, or tax consolidation

2020-11-17T10:39:31+01:00October 28th, 2020|To The Point|

Do's and don’ts of the group contribution scheme, or tax consolidation The so-called Summer Agreement of 2017 on corporate tax reform introduced the group contribution scheme. Belgian legislation hereby gained a tax consolidation system, albeit in limited form. Author: Mady Francken, Senior Advisor BDO Tax Profit transfers The group contribution scheme centres on the idea of a profitable company within a corporate group transferring all or some of its profits to an affiliated company that [...]

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