Belgian Parliament Committee Adopts Draft Bill on Urgent Tax Measures Due to the COVID-19 Pandemic

On 20 May 2020, the Financial and Budgetary Committee of Belgium's parliament adopted a draft bill on urgent tax measures due to the COVID-19 pandemic. Measures of the bill include that donations in kind to combat the pandemic will be tax-deductible and that subsidies granted by communities and regions to support companies and individuals are tax exempt.

Measures are also included to adjust the advance payment surcharge credit for timely payment that may be used by taxpayers to offset the su…