by Dries Torreele
Last week the Belgian federal cabinet’s ‘Superkern’ agreed to a series of additional measures from the third phase of the Federal Plan for Social and Economic Protection. These measures are intended to shore up the purchasing power of vulnerable groups and help boost the economy.
The first relief package concerns the measures adopted by the federal government at the beginning of the coronavirus crisis. These will be extended through 31 August 2020. The most important are those relating to temporary unemployment due to coronavirus force majeure, the bridging right for the self-employed and the access to coronavirus parental leave.
Other measures to be extended include the suspension of the gradual decrease of unemployment benefits, all measures benefiting artists, the subsidy for food aid for Public Welfare Centres and the deductibility of computer equipment donations to schools.
The Superkern approved several special support measures for troubled sectors such as the hospitality industry. These aim to mitigate the socio-economic impact of the gradual resumption of operations. The measures in question:
These measures are intended to encourage the re-employment of employees who are currently still temporarily unemployed due to the coronavirus.
There will also be an extension of the bank guarantee scheme to help keep companies solvent. The Parliament will be discussing how to expand the scope to include SMEs as soon as possible. This applies to the possible proposals to benefit artists as well.
Furthermore, the Superkern wishes to reinforce the purchasing power of Belgian citizens and our country’s economic activity. It has therefore approved the following additional support measures:
The Superkern and the federal government will now proceed to negotiate the second package of additional support measures.
Dries Torreele
Certified Tax Advisor dries.torreele@vdl.be
Disclaimer
In our opinions, we rely on current legislation, interpretations and legal doctrine. This does not prevent the administration from disputing them or from changing existing interpretations.
Read our latest insights and news releases to stay abreast of changes in your industry.