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European Commission extends Temporary Framework for State aid measures

On April 3, 2020, the European Commission extended the Temporary Framework for State aid measures to support the economy in the current COVID-19 outbreak with an additional five measures, including targeted support in the form of deferral of tax payments and suspension of social security contributions.

Government increases bonification of corporate tax prepayments made during Q3 and Q4

In response to the Covid-19 outbreak, the Belgian and regional governments have taken several measures in the past weeks to mitigate the financial and economic effects of the temporary lock down. The latest measure of the federal government relates to corporate tax prepayments.