Month: March 2020

CORONAVIRUS & EU REGULATION NR. 883/2004

Giving the most recent measures taken by Member States affected by the Coronavirus, practical arrangements relating to the exercise of a professional activity are disrupted.

In this context, we have contacted the competent authorities and received the confirmation that the generalized homeworking will not be taken into account for the determination of the applicable social security scheme (EU Regulation nr. 883/2004). The reference period goes from March 13, 2020 to April 5, 2020.

This position applies to both employees and self-employed persons.

From a practical perspective:

  • Secondment – The social security scheme of the country of origin remains applicable (article 12)

In case of homeworking, all secondment conditions will be fictively deemed as fulfilled.

  • Simultaneous activities (article 13)

During the reference period, homeworking will not be taken into consideration for the substantial activity condition (i.e. 25% rule).

The European authorities have not made yet any statement in this respect. However, there seems to be a consensus between Member States regarding the application of the above-explained tolerance.

We can only welcome this decision and we are grateful to the competent authorities for their prompt reaction on this matter.

If you have any questions or query, please do no hesitate to “>contact us.

COVID19 – ADDITIONAL TAX MEASURES

ADDITIONAL TAX MEASURES TO FACE CORONAVIRUS

The Tax Authorities have recently taken additional measures regarding filing and payment obligations to enable businesses to overcome financial difficulties that would be encountered as a result of the spread of the Coronavirus.

1. Postponement of the deadline for the submission of Corporate income Tax, Legal entity Tax and Non-resident corporate Tax returns with an initial dea-dline of 16 March to 30 April 2020 included
2. Extension of the deadline for submitting VAT returns
3. Payment of VAT and withholding Tax
4. Payment of personal and corporate income tax?

Tax Consult S.A. – March 2020

SUPPORT MEASURES TO FACE CORONAVIRUS

An automatic deferral of 2 months without surcharge or interest is granted for the payment of VAT and withholding tax. The same applies to taxation of individuals or companies established as from 12 March 2020. The Tax Authorities have also taken specific measures to enable businesses to overcome finan-cial difficulties that would be encountered as a result of the spread of the Coronavirus.

1. Which companies could benefit from these measures?
2. Which tax debts are concerned?
3. What are the measures planned by the Tax Authorities?
4. What are the conditions to benefit from these measures?
5. The steps to be taken

Tax Consult S.A. – March 2020

Protective measures against Coronavirus

Dear Client,

Tax Consult is doing everything possible  to minimize the impact of the Corona virus on its operations and has taken several actions  to ensure business continuity and reduce the risk for our employees, our clients and partners.

Specific steps taken by TC on the Corona virus:

  • Our staff is no longer allowed to participate  in general meetings. All meetings planned will be postponed or carried out online. We do our upmost best to guarantee full business continuity.
  • Employees are given instructions in line with measures from federal health department  to minimize spreading. Hand sanitizers are available in the office.
  • Employees returning from risk areas abroad will be requested to work from home for the full length of the incubation period.

Technical modalities:

  • All employees have laptops and are reachable by phone and/or mail
  • If required, we are capable of moving to a homeworking only policy until further notice.

The Board and an ad hoc Team are closely following latest developments and any announcements by the Belgian authorities might rise to new measures.

We thank you for your support and trust.

Tax Consult