Belgium passes to new transitional support system for independents
Share article:
Share article:

Belgium passes to new transitional support system for independents

© Belga

A new mechanism regulating financial support for independents affected by the coronavirus crisis will take effect from the 1st of January, as announced in early December by David Clarinval, Belgium’s Minister for Small and Medium-sized Enterprises (SMEs) and independents.

Under the new mechanism, the “droit passerelle” as the system of transitional support is called, will no longer need to be extended from month to month, based on the evolution of the COVID-19 situation.

Two arrangements have existed thus far: the double transitional allocation, which was extended to December, and the transitional allocation in support of resumption.

The new support mechanism is based on two pillars. The first establishes a temporary crisis allocation for independents forced to totally suspend their activities, and will take effect from the 1st of February.

The second, which kicks in on the 1st of January, provides support for independents who were unable to take advantage of the 2020 transitional crisis allowance or the transitional allowance in support of recovery. These are mainly people in the liberal professions.

Would-be beneficiaries would need to show, among other things, that they sustained turnover losses of at least 40% in the month preceding their application for financial support, compared to the corresponding month of 2019.

The Brussels Times

Latest news

Belgium’s investment funds total 260 billion euros in assets
Belgium’s funds industry grew by 5.3% (13 billion euros) in the second quarter of this year, bringing investment funds available to the public to ...
Brussels to Luxembourg by train in two hours soon possible
The fastest train ride between Brussels and Luxembourg currently takes almost three hours, but that could be slashed to about two hours thanks to the ...
Over 80,000 companies in Belgium non-compliant with anti-money laundering meassures
Over 80,000 companies and non-profits in Belgium are still not compliant with the Ultimate Business Owner (UBO) register, which is required of them ...
Increase in tax exemption for donations in Belgium fails to meet expectations
The increase from 45% to 60% in the tax exemption for donations, decided by the former federal government in June 2020, has cost Belgium more than ...
Sex workers in Belgium to get more social rights protection
The social rights of sex workers will soon be better protected in Belgium, Belga News Agency reports. The Council of Ministers has approved a draft ...
Belgian firms sent almost 266 billion euros to tax havens last year
Hundreds of Belgian firms sent close to 266 billion euros to tax havens last year, De Tijd reported on Saturday. Any Belgian individual or firm ...
Belgian investigator wins prestigious US prize
Olivier Hardy, an investigator with the federal police’s anti-terrorist unit in Brussels, DR3, received on Friday a "Top Cop" prize in Washington for ...
Pegasus Project: European Parliament awards journalism prize to investigation of use of spyware
The Daphne Caruana Prize for Journalism was awarded on Thursday to the journalists from the Pegasus Project coordinated by the Forbidden Stories ...
Belgians can now test their knowledge of driving rules and win prizes
The Walloon Road Safety Agency (AWSR) launched on Friday a quiz to allow the general public to test their knowledge of the highway code. Last year, ...
600 extras wanted for film about Belgian ‘Porn King’ and notorious Antwerp nightclub
A Belgian movie telling the story of a notorious Antwerp nightclub with connections to a Belgian 'Porn King' is looking for 600 extras at the end of ...
Namur Marathon relaunches after two years on hold
The next edition of the Namur Marathon will take place on April 24, 2022, its organisers announced on Friday, as they also opened registrations. ...
Lidl goes on strike: Half of supermarkets in Belgium closes on Saturday
One in two Lidl shops remained closed on Saturday morning, Lidl spokeswoman Isabelle Colbrandt said. Staff have been on strike for several days to ...