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Belgium Temporarily Suspends Collection of "Corona Debts" of Companies

|Approved Changes|Belgium
Belgium

Belgium's Federal Public Service (SPF) Finance has announced the temporary suspension of the collection of "corona debts" of companies that were financially healthy prior to the COVID-19 pandemic crisis. The suspension is provided until 31 March 2021 for companies that only have "corona debts", which include tax and non-tax debts due since 1 January 2020. However, certain debts are excluded, including debts arising from an established fraud or from an organized insolvency, confiscations, pen…