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How a tax shelter investment can be a solution to anticipate the uncertain financial results of your company due to a negative impact of the Corona crisis and how such tax shelter investment can reduce the net cash flow impact of corporate tax prepayments?

With the rising impact of COVID-19 being seen worldwide, all industries will face significant disruption to their supply chain, workforce and cashflow. The right response will depend on the specific circumstances you and your business face. However, when experiencing significant stress or distress, we recommend you focus everything you do around the management of cash.

On 29 March 2020, several “proxy decisions” were taken by the Minister of Justice, Koen Geens. One of these proxy decisions contains measures for general meetings and meetings of administrative bodies. These decisions take the 19th of April as the provisional end date, but this date can be extended by the King if the general measures against corona were to be extended. These proxy decisions are currently pending before the Council of State for urgent advice and will probably not enter into force until around 8 April 2020.

The economic consequences of the Coronavirus disease 2019 (COVID-19) on future trading assumptions, and the direct impact on many companies, may place some companies under liquidity pressures. We understand these pressures and have compiled some tips for managing cash flow and mitigating any potential impact on your debt obligations.

The Federal and regional governments have recently adopted measures to combat the corona crisis (Covid-19 virus). Considering the extent of the crisis, a large number of businesses are at risk of financial difficulties. The various support measures should serve to mitigate its economic impact. The main federal and regional support measures are listed and explained below.

The new FAQ on the UBO register has been published on 2 April 2019, clarifying some previously unclear situations.

UBO-register: deadline postponed until 30 September!

The recently published Administrative Instructions for the third quarter of 2018 show that the NSSO provides an expanded interpretation of the concept of "wages" for the levying of social security contributions. The NSSO fills in the term 'at charge of the employer' more broadly. Advantages that are awarded by a third party, which is not the employer, directly to employees, without any intervention of the employer, can nevertheless be regarded by the NSSO as wages. Hereinafter we outline the terms "wages", "at charge of the employer" and the consequences of the extended interpretation.

On 16 October 2017, as you are doubtless aware, the new anti-money-laundering law came into force. The legislation provides a few obligations.

In a B2B context services are considered to take place where the recipient of the services is established. However, for certain transport services the place of supply is determined based on the 'actual usage' of the services. This deviating place of supply rule (i.e. the 'use & enjoyment' rule) was amended with effect as of 23 November 2017.

With effect of 1 October 2018 an optional VAT system would be foreseen for the immovable lease of (parts of a) buildings, which are “erected” or “sustainably renewed” and used for business purposes (B2B context) under certain conditions.

Settlement mechanisms in the completion of a company takeover

Impact of cash when determining the share price in a company takeover

How do you determine the share price in a company takeover?

GDPR, the new and obligatory way to protect your personal data

IBR