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Do I also qualify for automatic deferral of my tax debts?

Wednesday 15/04/2020
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Many companies are suffering hardship as a result of the coronavirus crisis, which is why they are granted deferred payment of VAT, withholding tax, corporation tax and other Flemish taxes.  These government measures are intended to give entrepreneurs more financial breathing space.

1. VAT and withholding tax payments

You will automatically be granted a two month deferral of payment of VAT and withholding tax and fines or interest will be waived.

This deferral applies to:

VAT

BTW

In the context of the coronavirus support measures, the payment deadline for the special declaration 629, relating to the first quarter of 2020, is extended to 20 June 2020 (this deadline was originally planned for 20 April 2020).

Withholding tax

BedrijfsV

In addition to this automatic payment deferral, you can apply for the previously announced support measures relating to withholding tax and VAT debt payments. If the application is successful additional payment deadlines, exemption from interest on late payments and/or remission of late payment fines will be granted.

2.Personal and corporate income tax payments

An additional period of 2 months will automatically be granted, in addition to the normal payment period and without being subject to interest on arrears, forpersonal, corporation, non-resident and legal entity tax.  This measure shall apply to the settlement of taxes for the 2019 tax year, as from 12 March 2020.

Exemption from late payment interest and/or remission of fines for late payment will also be possible upon request with respect to the payment of personal or corporation tax debt payments, including those established before 12 March 2020.

3. Flemish taxes

The Flemish government has decreed that the collection of road tax will be postponed by 4 months for the 2020 tax year.

It was also decided to send out property tax assessments for companies at a later date in order to prevent liquidity problems. This means that approximately 1 billion in taxes will be collected in autumn rather than in spring.

This means that in practical terms company property tax assessments will be sent out from September onwards.

If you have other questions regarding the Corona crisis, please visit our special FAQ

Last update: 30/04/2020

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An Lettens
An Lettens
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Bert Derez
Bert Derez
Partner Tax & Legal Services