BDO Belgium: All about the ‘carry back scheme’

October 2020

Tax support promotes solvency during the COVID-19 crisis

For many entrepreneurs, the coronavirus crisis is having a significant impact on their financial forecast for the current financial year. To avoid needlessly increasing costs, the government has launched the so-called carry back scheme. This is an early loss deduction for corporate, personal tax and non-resident income tax (companies/natural persons). Let us explain.