Share with your friends

Belgium: Tax prepayment relief for assessment year 2021 (COVID-19)

Belgium: Tax prepayment relief for assessment year 2021

The Belgian government has implemented several measures in the past weeks to mitigate the financial and economic effects of the temporary “lockdown” in response to the coronavirus (COVID-19) pandemic. The latest measure of the federal government relates to corporate tax prepayments.


Related content

Companies will benefit from increased relief measures (“bonification”) for prepayments related to assessment year 2021 that are made during:

  • The third quarter—6.75% instead of 6%
  • The fourth quarter—5.25% instead of 4.50%

This relief is available, provided there is no dividend distribution between 12 March and 31 December 2020, and there is no capital reduction or repurchase of shares.

The percentage of the increase and the due dates do not change.

What relief to make available to companies that are not on the calendar year (not closing on 31 December) is still being considered.

Read an April 2020 report prepared by the KPMG member firm in Belgium

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal