Perspectives

COVID-19: Tax & Legal News and Webinars

The latest Belgian Tax & Legal updates and webinars in relation to the outbreak

COVID-19 Tax & Legal News

Update on COVID-19 wage withholding tax incentive and overtime remuneration

7 September 2020

Several important updates have been published regarding measures taken by the government to help employers and their workforce respond to the impact brought by the pandemic and support them in the recovery phase.

Mutual agreements for cross-border workers extended until 31 December 2020

2 September 2020

Belgium’s mutual agreements with the Netherlands (Dutch | French), Luxembourg (Dutch | French) Germany (Dutch | French) and France (Dutch | French), in place to address cross-border worker taxation during pandemic driven restrictions, have recently been extended until 31 December 2020.

Belgium lifts travel ban for Single Permit holders (B34)

20 August 2020

The Immigration Authorities have today informed Deloitte that non-EU single permit holders with a valid annex 46 and their family members are again able to obtain a visa D at the Belgian consular authorities abroad. As such, they are able to travel to Belgium to start their employment.

COVID-19 response: European Commission prolongs VAT and customs duties relief

24 July 2020

On 23 July 2020, the European Commission announced the extension by three months until 31 October 2020 of the temporary relief for customs duties and VAT on the import of medical equipment from third countries to assist in the fight against the COVID-19 outbreak.

COVID-19 wage withholding tax incentive and other tax measures published

23 July 2020

The law concerning various tax measures in response to COVID-19 (corona-III) was published in the Belgian Official State Journal on 23 July 2020. It aims to support the post-COVID-19 recovery of companies, individuals and the Belgian economy as a whole.

Temporary unemployment after 31 August 2020: Summer preparation for employers

15 July 2020

Since the start of the COVID-19 crisis in Belgium, authorities accepted a simplified procedure for temporary unemployment (Corona TU), based on a flexible application of the force majeure notion for all companies and industries. If companies want to apply the Corona TU, they can decide and implement the system on the spot.

Proxy Decrees adopted in COVID-19 crisis context: State of affairs after three months

14 July 2020

On 30 March 2020, the two laws of 27 March 2020, which empower the King to take measures to combat the spread of COVID-19, were published in the Belgian Official State Journal. These laws gave the King power to amend existing laws in certain matters by royal decree until 30 June 2020, in order to respond to the various challenges brought by the pandemic. Deloitte Legal analyses the extent to which this power has been used in recent months and considers the consequences of both laws.

COVID-19 wage withholding tax incentive and other tax measures in the pipeline

3 July 2020

The Belgian government has recently been very productive, with various tax measures proposed or adopted to support the post-COVID-19 recovery of companies, individuals and the economy as a whole.

What follows is an overview of what is relevant for employers and individual taxpayers. Particular attention is given to two flagship measures, namely the pending COVID-19 wage withholding tax incentive and the consumption vouchers.

New FAQ on cross-border workers and tax implications of COVID-19 travel restrictions

24 June 2020

In line with the recommendations made by the OECD secretariat, Belgium concluded a series of mutual agreements with neighbouring countries to temporarily derogate from rules laid down in the article 15 of the double taxation agreements concerning the taxation of employees.

These temporary mutual agreements provide a tolerance allowing employers to assimilate days teleworked from the home office to days worked from the (foreign state) location, where the worker would have normally carried out their activity if COVID-19 travel restrictions were not imposed by authorities. The tolerance does not apply automatically but must be requested by workers who would like to benefit from it.

The tax authorities have published a new FAQ (Dutch | French) that provides a series of clarifications on the mutual agreements’ scope of application, and details the practical modalities for worker opt-in to benefit from the tolerance.

Corona unemployment suspends notice period

15 June 2020

On 11 June 2020, the House of Representatives passed a bill suspending the notice period of dismissed employees during periods of temporary unemployment due to COVID-19 based force majeure ("Corona unemployment").

Following the Council of State’s critical advice, the originally foreseen retroactive effect has been removed from the text.

Read the full update in

Dutch | English

DAC6 reporting deadlines extended to 2021 

9 June 2020

On 3 June 2020, EU member states reportedly agreed on an optional six-month delay to (1) the reporting deadlines for intermediaries or relevant taxpayers under EU Directive 2018/822 (referred to as “DAC6”), and (2) the exchange of information under DAC6 until the beginning of 2021.

The proposal, in the form of a proposed amending directive put forward by the European Commission, is expected to be formally adopted by the Economic and Financial Affairs Council (ECOFIN), and the European Council during their next meetings on 9 June 2020 and 19 June 2020 respectively.

Belgium concludes temporary mutual agreements for cross-border workers during COVID-19

5 June 2020

In line with the OECD’s recommendations, Belgium is concluding mutual agreements with neighboring countries regarding the allocation of taxing rights where employees have been unable to travel to their usual country of employment, and have instead been required to work from home as a consequence of COVID-19.

Belgium has to date concluded agreements with France (19 May 2020), Germany (6 May 2020), Luxembourg (19 May 2020), and the Netherlands (30 April 2020) regarding cross-border workers. In addition, specific agreements for frontier workers have been concluded with France (13 March 2020), and Luxembourg (17 March 2020). For further details, see the Deloitte alerts of 8 May 2020 and 17 March 2020.

The agreements with Germany and the Netherlands were extended on 2 June 2020, and all agreements are valid through 1 July 2020.

New COVID-19 driven corporate tax measures in the pipeline

4 June 2020

The Belgian government is working on a new wave of tax measures aimed at supporting businesses facing losses during the COVID-19 outbreak.

In this context, two income tax measures are under development, and aim at reducing current and future tax liabilities through the creation of:

  • a “loss carry back reserve”, which would allow companies to offset taxable profits related to tax year 2019 or 2020 (relating to financial year closed between 13 March 2019 and 12 March 2020) with losses expected to be incurred in the subsequent tax year, i.e. tax year 2020 or 2021, and
  • a "recovery reserve" to exempt taxable profits, under certain conditions, for tax years 2022, 2023 or 2024.

It should be noted that both measures are still in the pre-draft stage, meaning that the draft bill must still be finalised by the government for the Council of Ministers’ final approval and deposit with the federal parliament.  Changes therefore remain possible.

Wage tax incentive for shift work unaffected by temporary social distancing adjustments in shift work schedules

26 May 2020

Following the COVID-19 pandemic, the tax authorities published additional guidelines for shift workers, clarifying an administrative tolerance where temporary adjustments to shift work schedules for social distancing purposes do not prohibit the continued benefit of the wage tax exemption for shift work.

VAT e-commerce Package: European Commission proposes delayed entry into force

12 May 2020

As part of a broader postponement of EU taxation measures following COVID-19 related difficulties currently faced by businesses and Member States, the European Commission has proposed to delay the entry into force of the VAT e-commerce package by six months. The new rules, under which all B2C sales of goods to EU consumers will be taxed in the destination Member State, will apply as of 1 July 2021 instead of 1 January 2021. This will allow Member States and businesses more time to prepare for the necessary changes.

European Commission proposes an extension of DAC6 reporting deadlines

11 May 2020

On 8 May 2020 and in response to the COVID-19 pandemic, the European Commission published a proposal to postpone the deadlines for reporting and exchanging information under the EU Directive 2018/822/EU (also known as “DAC6”). 

Based on the proposed changes, there would be an extension of three additional months to report and exchange information on reportable cross-border arrangements under DAC6.

Belgian agreements with the Netherlands and Germany to manage COVID-19 impact on cross-border workers

8 May 2020

The COVID-19 pandemic has forced many cross border commuters to work from home and ensure business continuity. Given that cross border workers are hence working in their country of residence, as opposed to where they would normally operate, the tax position of the employee and/or employer may be affected.

After the agreements concluded with France and Luxembourg in March 2020 regarding teleworking activities, Belgium has now concluded agreements with the Netherlands (in Dutch) and Germany.

Grandfathering under interest limitation rule clarified in light of COVID-19 economic impact

7 May 2020

On 5 May 2020, the Belgian tax administration published circular 2020/C/62 (Dutch | French), providing new clarifications on the grandfathering rule applicable to loans concluded before 17 June 2016, in the framework of article 198/1 of the Belgian Income Tax Code (“interest limitation rule”).

Under the interest limitation rule, loans concluded before 17 June 2016 are excluded from the scope of “exceeding borrowing costs”, unless the parties agreed on fundamental changes to the terms and conditions of the loans on or after 17 June 2016; this exclusion is known as the “grandfathering rule”.

The new circular clarifies that the granting of specific payment modalities, related to bank or intercompany loans, should not constitute a fundamental change in relation to the interest limitation rule if they aim at supporting borrowers with payment issues resulting from the COVID-19 outbreak.

Shareholder and corporate management body meetings during COVID-19: extension of the measures until 30 June 2020

30 April 2020

The provisions in the 9 April 2020 Royal Decree n°4 relating to general meetings and corporate management body meetings have been extended until 30 June 2020 included (previous coverage can be consulted in the 6 April16 April and 24 April 2020 newsflashes).

Quick update

Shareholder and corporate management body meetings during COVID-19: new FAQ published

24 April 2020

Minister of Justice Koen Geens has published an FAQ on the 9 April 2020 Royal Decree regarding the organisation of general (shareholders) meetings, and meetings of corporate management bodies, in the context of the ongoing COVID-19 pandemic.

Download the full article in

Dutch | English | French

International Social Security under COVID-19 circumstances

23 April 2020

Due to the COVID-19 confinement measures, the envisaged employment situation of many employees has changed, with companies struggling to pay their social security contributions, employees facing questions regarding sickness or unemployment, among other issues. The most important talking points regarding COVID-19 and international social security are highlighted in this update.

Flemish inheritance tax in times of COVID-19

22 April 2020

Both the Flemish Tax Authority and Flemish Legislator have taken measures to ensure tax payers are provided with the necessary flexibility regarding the completion of formalities and payment of inheritance tax in times of COVID-19. On 21 April 2020, a decree entered into force allowing heirs to make an additional choice for the valuation of publicly listed companies' shares that they inherit during the pandemic.

Read the full update (in Dutch)

COVID-19 and future-proof wealth management: the right person in the right place at the right time

20 April 2020

During these uncertain and unprecedented times it is worth reflecting, both personally and professionally, on the crisis resistance of your business and personal asset management.  

Peace of mind is brought by arrangements and constructions that guarantee continuity in the midst of calamity. This peace of mind is crucial, as many other decisions have to be taken to manage the COVID 19-challenges.

Read the full update

Dutch | English

Digital power of attorney during COVID-19 times

17 April 2020

With the digital power of attorney, it is no longer required to physically visit the notary to sign a notarial deed.

Read the full update (in Dutch)

Option to postpone approval of Belgian legal entities’ financial year 2019 annual accounts confirmed by Royal Decree

16 April 2020

What follows is an update to the 6 April 2020 Newsflash, which set the context and gave an overview of possibilities offered to corporate management bodies in signing the minutes of their meetings during the COVID-19 outbreak.

Download the full article in

Dutch | English | French

Public law proceedings during COVID-19: will procedural deadlines be suspended?

15 April 2020

On 20 March 2020, the Flemish Government issued the Decree on special measures in the event of a civil public health emergency. This newsflash discusses the two main pillars of this “Emergency Decree” and its possible and practical impact on public law proceedings during the COVID-19 outbreak.

OECD publishes guidelines on COVID-19’s impact on cross border-workers

7 April 2020

Following Deloitte’s 17 March 2020 update covering the Belgian tax authorities’ position in considering the COVID-19 situation as force majeure in relation to tax treaties with France and Luxembourg for cross-border workers, the OECD has issued an update regarding its own position.

As correctly stated by the OECD Secretariat, “this unprecedented situation is raising many tax issues”, given that travel bans, lockdowns, etc. are preventing employees from performing their professional activities on location in the other country, potentially causing an adverse tax situation.

COVID-19 response: import duties relief and VAT exemption

7 April 2020

Member State approved organisations that import products intended for the free of charge distribution to persons affected by, at risk in or combatting the COVID-19 outbreak, are granted with an import duty relief and VAT exemption for the period running from 30 January until 31 July 2020.

On 3 April 2020, the European Commission adopted Commission Decision (EU) 2020/491 on the relief of duties and VAT exemption on imports, which are granted for goods needed to combat the impact brought by COVID-19 outbreak. This comes as a response to multiple Member State requests over the past weeks.

Adjusted credit percentages for income tax prepayments by taxpayers with liquidity problems

6 April 2020

On 3 April 2020, the Ministry of Finance announced a new measure to support business during the COVID-19 outbreak (Dutch | French). The measure applies to income tax prepayments made by Belgian companies and self-employed individuals. 

To help businesses facing liquidity problems, the government decided to increase prepayment credits for the third and fourth quarter to 6.75% and 5.25% respectively. This support measure should make the postponement of income tax prepayments to the second half of the taxable period less disadvantageous.

Will the approval of financial year 2019 annual accounts be postponed for all Belgian legal entities?

6 April 2020

A Royal decree is expected to be approved regarding measures to combat the spread of COVID-19 and, in particular, regarding the approval of annual accounts.

Read the full update in

Dutch | English | French

European Commission extends COVID-19 Temporary State aid Framework

6 April 2020

On 3 April 2020, the European Commission (‘Commission’) amended the 19 March 2020 Temporary Framework for State aid measures to support the economy during the current COVID-19 outbreak (‘Temporary Framework’). The initial Temporary Framework was covered in the Deloitte Legal newsflash of 20 March 2020.  Within two weeks, over 36 national measures were cleared under the initial Temporary Framework and three national measures were cleared under Article 107 (2) (b) TFEU. 

On the one hand, the Commission modified several provisions regarding the types of aid that were already included in the Temporary Framework. On the other, the Commission introduced five new types of aid concerning:

  • COVID-19 relevant research and development (R&D);
  • testing and upgrading infrastructures;
  • the production of COVID-19 relevant products;
  • tax deferrals and/or suspensions of employees’ social security contributions; and
  • wage subsidies for employees to avoid lay-offs during the COVID-19 outbreak.

New guidelines on maximum supplement to unemployment benefits

3 April 2020

On 2 April 2020, the National Office for Social Security (NOSS) published new guidelines regarding supplement on unemployment benefits exemptions. 

Assessing the COVID-19 impact on existing financing agreements in Belgium

2 April 2020

The COVID-19 outbreak and its disruptive effect on the global economy raises many concerns about how parties need to deal with the execution of current contractual arrangements.

This is of greater relevance for financing agreements. Next to their payment obligations, borrowers are usually bound by several engagements, the breach of which could have severe consequences. 

What follows is an indicative list of typical clauses of financing agreements that could be impacted by the current context, the potential impact for borrowers after a breach thereof, and the possible remedies.

COVID-19: General VAT credit refund possibility 

30 March 2020

On 29 March 2020, the Belgian tax administration published an additional measure to support the liquidity of businesses following the COVID-19 outbreak. The new measure consists of a generalised possibility for VAT registered businesses that submit monthly VAT returns to request a refund of their credit VAT balance through the February 2020 VAT return. 

The tax authorities published an update announcing the above measure, adding that the return would need to be submitted by 3 April 2020 at the latest.

COVID-19 a valid case to allow write-downs on trade receivables 

30 March 2020

On 23 March 2020, the Belgian tax administration published Circular 2020/C/45 (Dutch | French), clarifying that the COVID-19 outbreak can be regarded as an exceptional circumstance, thereby justifying exempt write-downs on trade receivables. 

This clarification is welcome within the outbreak's context, in which health security measures imposed by the Belgian Federal Government will inevitably have an adverse impact on the liquidity and solvency of many enterprises.

COVID-19: No VAT due on donated medical equipment and protective gear

27 March 2020

On 24 March 2020, the Belgian VAT authorities published new guidance clarifying that no VAT is due, as a self-supply, on medical equipment and protective gear donated to hospitals by VAT registered businesses.

In principle, when supplying goods for free, VAT taxpayers who deduct VAT on purchases or production costs of said goods should make a correction and pay output VAT in the form of a so-called self-supply. This obligation is now temporarily waived for supplies made between 1 March and 30 June 2020, under specific conditions explained in a new circular letter (Dutch | French).

Gifts through bank transfers still possible during COVID-19 outbreak

27 March 2020

In view of the strict COVID-19 measures in force in Belgium, making donations is not straight-forward. The (digital) gift via bank transfer offers possibilities.

Read the full update (in Dutch)

The Flemish Tax Authority shows flexibility and leniency in times of COVID-19

25 March 2020

Due to COVID-19, the Flemish Tax Authority has announced new measures to give both taxpayers and notaries flexibility and financial leeway.

Read the full update (in Dutch)

Continued provision of credit during COVID-19 outbreak: A EUR 50 billion arrangement in Belgium

24 March 2020

A deferral of payment of existing credits for Belgian companies, self-employed persons and individuals facing payment problems because of COVID-19, and a guarantee scheme for all new credits granted to viable non-financial companies and self-employed persons have been announced on 21 March 2020. The arrangements set out below result from an agreement between the Belgian federal government, the National Bank of Belgium and the Belgian banking sector.

The measures are set to apply as of 1 April 2020 and are expected to be formally rubberstamped by the European Commission in the next few days.

Force majeure temporary unemployment formalities abolished

23 March 2020

In the past few days, the Federal government held confidential discussions with all relevant stakeholders to agree on measures to reduce the administrative burden when applying for Temporary Unemployment given the current circumstances.

These discussions have resulted in a commonly agreed approach by both the VBO/FEB and the Union of Payroll Agencies (UPA).

This approach was confirmed by the National Employment Office (NEO) and made public on 20 March 2020.As a result, temporary unemployment due to the COVID-19 outbreak falls under the force majeure temporary unemployment scheme for all applications from 13 March for as long as this exceptional situation persists.

CBA 147 allowing economic unemployment for
white-collars in all business sectors

20 March 2020

In the midst of the COVID-19 pandemic, companies are suffering from heavy economic impacts. Significant client decreases and operational disruptions leave no employer unaffected.

European Commission adopts COVID-19 Temporary State aid Framework 

20 March 2020

On 19 March 2020, the European Commission adopted the much-anticipated Temporary Framework for State Aid measures to support the economy in the current COVID-19 outbreak.

General and automatic delay of compliance and payment due dates

19 March 2020

On 18 March 2020, the Belgian tax administration published several measures (Dutch | French) taken as a result of the COVID-19 outbreak, which is heavily impacting economic activity. The measures consist of general filing and payment delay extensions as well as specific support measures.

Flemish Tax Authority: impact of COVID-19 on inheritance tax filing deadline 

19 March 2020

Due to the COVID-19 outbreak, the Flemish tax authority announced that they will be flexible in granting filing deadline extensions for inheritance tax (upon request). If a tax filing extension request is filed in a timely manner, there will be no penalties for late filing.

Read the full update (in Dutch)

Tolerance during COVID-19 confinement period for cross-border workers

17 March 2020

French-Belgium Tax treaty: French border workers can work outside Belgian border zone

Luxembourg-Belgium Tax treaty: cross-border workers can work from home

The COVID-19 effect on competition law

16 March 2020

The coronavirus pandemic is affecting people and businesses on a large and global scale, bringing major challenges for governments and companies, all of whom are trying to respond in the most responsible way possible. Although COVID-19 is a black swan for 2020, competition law continues to apply. EU Member States need to be particularly mindful of EU state aid rules, and undertakings need to maintain compliance with the applicable competition rules.

Upcoming COVID-19 Webinars

There are currently no webinars planned. Please browse through and replay any of the below on-demand webcasts

Replay past COVID-19 Webinars

Data Protection: Lessons learned from the COVID-19 lockdown and how best to prepare for a second lockdown

23 September 2020 | 12:00 PM CEST

Host: Dulce Miranda

Presenters: Dr. Söntje Julia Hilberg, Gonçalo Quintino, and Arnaud Raynouard

The outbreak of the COVID-19 has significant impact on different areas including data protection. In case of a second lockdown, what measures and policies should your organization have in place? Are the temporary measures implemented in the first lockdown useful and applicable in a second lockdown? We’ll discuss:

  • If a vaccine is developed:
    • Can you write a policy to ask people to declare whether or not they have been vaccinated?
    • Can you keep a log and force people to do it?
    • Would the EU/governments be open to changing data privacy laws to allow this for exceptional circumstances like pandemics?
  • If an effective treatment is found:
    • COVID-19 will then turn into something more like an everyday sickness, do you then abolish your policies or keep it in case something similar happens with a different disease?
    • Can you ask employees in their contracts to opt into disclosure of health information and what are the consequences?
  • How to build a resilient Data Privacy Organization and a data privacy compliant crises management?

Join our Deloitte specialists who will share the lessons learned and what can be done in the next phase from a data protection perspective.

Dbriefs Legal

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Connect For Impact – Aligning Tax With Business Models And Supply Chains Post COVID-19

16 September 2020 | 3:00 PM CEST

Host: James Bland

Presenters: Patrick Cauwenbergh, Jivan Datta

The impact of COVID-19 has led to changes within business models and supply chains. Fully understanding these impacts from a tax perspective is crucial and requires the consideration of international tax, transfer pricing, intangibles, indirect tax, customs etc. What does your organisation need to consider? We’ll discuss:

  • The common themes that are emerging from both European and US perspectives.
  • Short, medium and long-term actions we are seeing groups take.

Find out more about the tax implications and themes arising around
COVID-19.

EMEA Tax Dbriefs

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Remote Working – Permanent Establishment And Transfer Pricing Implications

10 September 2020 | 1:00 PM CEST

Host: Alison Lobb

Presenters: Lisa Shipley, Kate Rees and Andrew Skipsey

COVID-19 has made remote working increasingly common. Whilst both the OECD and individual tax authorities have released statements on how to apply existing permanent establishment (PE) rules, what are the PE implications of remote working in what may be the ‘new normal’ of increased workplace flexibility? A significant amount of uncertainty remains in relation to remote working and the potential creation of PEs, and careful consideration will be needed. What issues should your organisation be aware of and actively monitoring? We’ll discuss:

  • OECD guidance in relation to PEs as a result of remote working during COVID 19
  • Potential tax authority views and considerations
  • The interaction of increased remote working and the PE anti-fragmentation rule
  • Transfer pricing and Country-by-Country (CbC) report implications of an increased frequency of PEs

Keep up-to-date with this developing area.

EMEA Tax Dbriefs

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COVID-19 | Business continuity: people aspects

24 June 2020 | 11:30 AM CEST

Presenters: Stijn Demeestere (Deloitte Legal), Sofie Van Breedam and Frédéricq Jacquet

COVID-19 has not only roiled financial markets or disrupted organisations and industries, but it has also created tremendous stress for workers. It is therefore crucial for companies to find a balance between restructuring and the impact on the workforce. This is truly a moment-that-matters. A moment that will either strengthen or weaken the relationships between the organisation and its workforce.

During this webinar, we will explore a variety of measures allowing companies to reduce employer costs, including reward, employment and tax measures.

From a reward perspective we will focus on short-term choices that consider long-term impacts.

Employment measures on the agenda are:

  1. Temporary or permanently reduction of working time
  2. Part-time work
  3. Time credit & thematic leave
  4. Collective holidays
  5. Temporary unemployment
  6. Salary reduction and postponement payment salary
  7. Lending of personnel
  8. Transfer of undertaking
  9. End-of-career plans
  10. Multiple or collective dismissal

The tax measures include, among others, the recent temporary mutual agreements concerning cross-border workers, extension of voucher validity, reduction of withholding tax on legal unemployment benefits and deferral of professional withholding tax payment, as well as draft legislation in the pipeline (wage tax incentive, consumption voucher).

Belgium Dbriefs

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COVID-19 | New tax measures in the pipeline

22 June 2020 | 11:30 AM CEST

Presenters: Pieter Timmermans (VBO-FEB | Chief Executive Officer) Wim Eynatten, Philippe Dedobbeleer and Sofie Van Breedam

The COVID-19 outbreak has heavily affected the Belgian economy. The Belgian federal and regional governments and authorities have taken a variety of measures and are investigating additional ones, to help enterprises deal with and mitigate COVID-19’s impact on their liquidity and solvency.

In this context, several new tax measures affecting corporations are currently in the (legislative) making:

  • Loss carry-back reserve allowing companies to offset taxable profits with anticipated (COVID-19) losses of the subsequent tax year;
  • Recovery reserve, providing a tax exemption for profits of some post COVID-19 tax years;
  • Partial wage tax exemption for companies that made use of the temporary unemployment regime;
  • Increased investment deduction for investments in fixed assets.

All these measures still need to be voted in Parliament and may be subject to change during the legislative process; some of them may even not cross the legislative finish line.

In this webinar, Pieter Timmermans, Chief Executive Officer at the VBO/FEB, will provide a holistic overview of COVID-19’s impact on the Belgian economy and employment, and will share his views on the measures taken so far as well as the recommended focus of any future actions.

Subsequently, Deloitte specialists will:

  • discuss the latest status of pending measures in the legislative process;
  • provide an outline of each measure, including conditions to be met;
  • address potential interferences with other tax regimes (dividend received deduction regime, group contribution regime, 30% EBITDA rule, among others).

Belgium Dbriefs

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COVID-19: Deliver Value Through The Indirect Tax Function

3 June 2020 | 1:00 PM CEST

Host: Gareth Pritchard
Presenters: Pieter Van Hoeke, Anne Gerometta, Adam Grey

In this edition of our EMEA Dbriefs programme we will explore how indirect tax functions can deliver value to businesses through the phases of the COVID-19 challenge. Our speakers will discuss the technology and compliance value-drivers that will enable businesses to respond effectively. We will also cover some of the practical things your organisation can do from an indirect tax perspective in order to deliver value to your business. We’ll discuss:

  • Our latest views on delivering cost effective and high quality indirect tax compliance
  • The use of transformative technologies to deliver value and insight
  • What we expect the ‘new normal’ to look like for indirect tax functions

Join this webcast to hear about the possible implications for your organisation.

EMEA Tax Dbriefs

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Group contribution & new interest deduction rule: some reflections in the COVID-19 era

26 May 2020 | 11:00 AM CEST

Presenters: Bob Maurau and Nicolas Engelmann (Deloitte Legal)

During this webcast, we will expand on a number of features of the group contribution regime and EBITDA-based interest limitation rule to understand the opportunities and pitfalls for both financial year 2019 and 2020 as a result of the Covid-19 economic situation.

The Belgian corporate income tax reform resulted in a major overhaul of the tax landscape introducing since tax year 2020 amongst others the group contribution regime and new interest limitation rules.

We will discuss a number of topics including:

  • How the application of these measures may still reduce your cash taxes for 2019
  • How do you apply these measures for 2019 (especially if different group companies can make/receive group contributions): some practical guidelines
  • Which group contribution consequences should be monitored for mixed holding companies: does the group contribution regime potentially breach the Parent-Subsidiary Directive?
  • What is the impact of a substantial decrease of your company’s earnings/increase of external borrowings (in financial year 2020) on both measures ?
  • What are the pro-active measures companies can consider to try to reduce the adverse tax impact of the EBITDA-based interest limitation rule in case of an earnings drop/increased interest charges?  Which pro-active measures can be considered with regard to the application of the group contribution regime?

Belgium Dbriefs

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Contract review and analysis in unprecedented uncertainty

21 May 2020 | 5:00 PM CEST

Host: Mark Ross

Presenters: Bryan Foster

COVID-19 is causing unprecedented disruption to global business. Organisations are looking to identify and mitigate the operational, economic, and business risks emanating from this pandemic. All departments will likely be impacted, including your legal department. Understanding what your contracts entail concerning potentially relevant provisions to the non-performance of contractual obligations is one in a number of crucial steps in helping to develop appropriate mitigation plans. We'll discuss:

  • Identification and collation of impacted contracts.
  • Contract culling strategies.
  • Leveraging AI and legal managed services to identify potentially relevant clauses, such as Force Majeure, BCP, Notice, and others identified by in-house and outside counsel. 
  • Enhancing extracted contractual data with information from ERP, procurement, and finance systems. 
  • Counter-party notification, reach out, and remediation.

Join us to learn more about contract reviews and how to mitigate the risks impacting your organisation.

Dbriefs Legal

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Addressing The Impact Of COVID-19: Transfer Pricing During Global Economic Disruption

21 May 2020 | 3:00 PM CEST

Host: Sophie Brown

Presenters: Alison Lobb, Nacho Box (Jose Ignacio Garcia Box), Jen Breeze, Andrew Skipsey

The impact of the COVID-19 pandemic is extensive and has significant implications for many multinational organisations’ operations and financial performance and with that, their transfer pricing models. This disruption necessitates consideration of what is arm’s length and this may be different to what was in place previously and traditional transfer pricing models may no longer work. What does arm’s length look like for your intercompany arrangements during this time of economic disruption and going forward? We’ll discuss:

  • How to determine when it may be appropriate to change transfer pricing policies and how to support such changes.
  • Implications of changes to the location of significant people.
  • Engaging with tax authorities.

Find out the possible implications for your organisation.

EMEA Tax Dbriefs

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COVID-19 And Displaced Workers: Practical Considerations In Light Of OECD Guidance

20 May 2020 | 1:00 PM CEST

Host: James Macpherson

Presenter: Rosemary Martin, Nadia Hamya, Valérie Ramaekers

As a result of COVID-19, many workers find themselves working from a location that is not their normal place of work. What does this mean for employers and employees in cases where there is a cross-border angle? We will use a number of typical scenarios to look at the ramifications, focussing on France, the Netherlands and the UK. What should your organisation be thinking about now? We will discuss:

  • The likely response of tax authorities in light of guidance issued by the OECD to assist countries with the application of double tax treaties.
  • Practical considerations.

Join our panel of cross-border tax experts to hear perspectives on how the guidance may impact your organisation.

EMEA Tax Dbriefs

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Tax Accounting And COVID-19: Reporting The Impact

19 May 2020 | 2:00 PM CEST

Host: Richard Williams/Julie Hughff

Presenters: Alexandra Warren, Stephanie Hurst

Accounting for income taxes can be inherently judgmental, and calculating tax provisions in uncertain times as a result of COVID-19 presents further challenges. How can tax teams navigate uncertainty to report the impact in financial statements with confidence and clarity? We’ll discuss:

  • Deferred tax asset recognition in the context of a revised expected future profit profile.
  • Interim reporting – forecasting an annual effective tax rate and dealing with one-off tax adjustments.
  • Accounting for new legislative relief measures – where and when should these be recorded?
  • Accounting for the tax consequences of changing cash needs – unanticipated distributions and impact on ETR.
  • Tracking and assessing uncertain tax positions associated with a changing tax risk profile.

We will explore the practical aspects of these issues and share insights from relevant discussions with a variety of organisations.

EMEA Tax Dbriefs

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Executive Reward And COVID-19 – An Investor Perspective

7 May 2020 | 4:00 PM CEST

Host: Stephen Cahill

Presenters: Mitul Shah, Andrew Ninian (The Investment Association)

Ahead of the 2020 AGM season, investor expectations are emerging around how remuneration committees should respond to the impact of the COVID-19 pandemic. In addition, with the majority of listed companies putting a new remuneration policy to vote this year, proxy agencies are publishing voting recommendations and areas of focus for coming AGMs. What does your business need to know now? We’ll discuss:

  • The latest guidance from investors around reflecting the impact of COVID-19 on executive reward.
  • Early trends in proxy recommendations and shareholding voting ahead of the 2020 AGM season.
  • What do we see on the investor agenda in the year ahead?

Join experts from Deloitte and The Investment Association in the third webcast in our series, to understand how the latest developments impact your business.

EMEA Tax Dbriefs

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Business re-launch from a workforce perspective

7 May 2020 | 11:00 AM CEST

Speakers: Joël Brehmen, Nathalie Vandaele, Sofie Van Breedam, Isabelle Buyse, Thomas De Donder (Deloitte Legal)

This webinar will address the points of attention related to re-opening of the business after the lockdown, focusing on the workforce considerations to take into account from a regulatory standpoint and stakeholders engagement perspective.

We will also share unique insights on how Deloitte as an organisation has addressed the practical side with testimonials from Deloitte’s own re-launch responsibles.

Belgium Dbriefs

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Perspectives On COVID-19 - Financing And Treasury: Tax Matters

30 April 2020 | 1:00 PM CEST

Host: Mo Malhotra

Presenter: Ben Moseley

Treasury teams are quickly evaluating cash management, financing needs and hedging priorities; responding to companies’ immediate liquidity needs, looking forward to the next phase of recovery. Any treasury actions are likely to have tax implications, which could directly impact on cash resources, so it’s important that treasury, finance, tax, transfer pricing and legal teams work together in designing and implementing strategies. Some of the key aspects are highlighted in our guide, and in this webcast we’ll discuss:

  • Current considerations for treasury teams and the related tax implications - focusing on external and internal funding, cash and liquidity management, and foreign exchange, hedging priorities given volatile cash flows and financial markets
  • Key considerations for tax teams related to treasury operations - focussing on areas such as income-based interest limitations, transfer pricing of financial transactions, loss utilisation and financial instruments restructuring
  • Practical steps for tax and treasury teams to think about now, and looking forwards to recovery

EMEA Tax Dbriefs

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State aid in times of COVID-19: A practical overview of the coordinated response by the European Commission and Member States

29 April 2020 | 12:00 PM CEST

Host: Hendrik Viaene
Presenters: Rafael Piqueras and Hendrik Viaene

The outbreak of the COVID-19 infection has an undeniably significant economic impact. Almost all Member States have already announced or implemented support measures for citizens or companies. State aid spending in the context of COVID-19 is increasing exponentially on a daily basis and in all industry sectors, with more than EUR 600 billion spent by Member States since the beginning of the outbreak. 

The European Commission is showing a much-desired flexibility and readiness through the adoption of a Temporary Framework to enable Member States to support the economy within the boundaries of competition law. Even so, companies must be aware of State aid risks and think twice before accepting state subsidies, tax breaks, state guarantees, R&D grants, etc. in the context of the COVID-19 outbreak. They may end up having to refund the State aid, increased with a substantial recovery interest rate. 

In this Dbriefs, our Deloitte Legal international team of experts will:

  • Provide a reminder on the basics of State aid (what is State aid, who are the stakeholders, what are the incentives).
  • Explain the measures adopted so far by the European Commission in the context of the COVID-19 crisis, with a particular focus on the Temporary Framework and its subsequent amendments (what are the permitted types of aid, what are the limitations, how long will this regime apply).
  • Provide an overview of the instruments adopted by different Member States across the EU (what types of measures are being implemented, which sectors are or will be beneficiaries of the aid, examples of aid to individual companies).
  • Discuss the forecast, likely scenarios and way forward for State aid matters in the COVID-19 context.

Join our Deloitte Legal specialists who will share its experience from acting on State aid matters during the financial crisis back in 2008-2009 and during the present COVID-19 crisis.

Dbriefs Legal

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COVID-19: Pension Schemes Funding – How To Approach The Next Normal

23 April 2020 | 1:00 PM CEST

Host: Sankar Mahalingham

Presenters: Karen Parker, Yona Chesner, Tom Whitely

The coronavirus pandemic is placing the funding, investment and covenant position for UK defined benefit pension schemes under pressure. Investment instability and a sharp increase in deficits have coincided with the financial pressure the crisis has on many scheme sponsors across a multitude of organisations. What are the medium and longer-term impacts of COVID-19 on sponsors, trustees and ultimately members of defined pension schemes? We’ll discuss:

  • The balance between appropriate levels of cash contributions and maintaining the strength of the sponsor and the level of investment risk taken.
  • How the changing economic and regulatory environment should influence longer term pension objectives and investment strategy.
  • Different types of security that might help to bridge the gap between the sponsor and the pension scheme trustees.
  • How to deal with the implications for scheme valuations currently under way.

Find out how to ensure the continued viability of business and how to reconcile this with ongoing pension scheme funding commitments.

EMEA Tax Dbriefs

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Government and EU support to businesses in COVID-19 times

21 April 2020

Speakers: Hendrik Viaene (Deloitte Legal), Corjan Visser, Laurent Godts (Deloitte Legal)

The COVID-19 outbreak has significantly affected the economy, bringing an unprecedented impact for businesses to manage. In order to help mitigate this impact, the Belgian Federal and Regional governments, as well as the European Commission at EU level, issued various measures to support businesses, namely tax incentives, grants and credit mechanisms.

This webinar will focus on the grants and credit mechanisms made available in Belgium and by the EU. 

Agenda

• Introduction: EU State aid rules 

• State aid approach in the context of COVID-19

• EU funding schemes

• Belgian funding schemes

• Belgian financial guarantee schemes

Belgium Dbriefs

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Global Share Plans - Considering Your Response To COVID-19

20 April 2020 | 5:00 PM CEST

Host: Mitul Shah (United Kingdom)

Presenters: Peter Simeonidis (United States), Nicolas Meurant (France), Liz Pierson (United Kingdom)

As the world continues to adapt to the impact of COVID-19, many organisations are having to manage immediate share plan challenges. During this webcast, we will consider how different countries are addressing these challenges and the actions they are taking in response. We will discuss a number of issues including:

  • The implications of temporary unemployment/ furloughing for share plan participants.
  • Whether now is the right time to make incentive plan awards (be it executive or all employee).
  • In light of current depressed share prices how do you manage dilution, incentive plan pools and incentive plan financing?
  • Can incentive awards be used to help manage or save costs?
  • What should you be communicating to your employees about, and how?

Join our experts to consider the latest developments and how they may affect your organisation. In the meantime, if there are any additional issues you would like to cover, please submit your questions in advance to Leena Gailani.

EMEA Tax Dbriefs

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Executive Reward And COVID 19 – A Changing Picture

16 April 2020 | 5:00 PM CEST

Host: Mitul Shah

Presenters: Stephen Cahill, Mike Kesner, Caroline Zegers

Following our first webcast considering the impact of COVID-19 on reward across the workforce, we will look at how the executive reward landscape has evolved in the last few weeks, in which we have seen many companies move to announce board level and senior management pay cuts. What does your organisation need to consider now? We’ll discuss:

  • Latest market data in terms of approach to COVID-19 related board and senior management pay cuts in the UK, as well as early insights from the 2020 AGM season
  • Evolving investor and proxy views around pay decisions in the current environment.
  • Consideration of the global perspective, including insights from Deloitte’s experts in the US and Continental Europe

Join us here to consider evolving issues facing remuneration committees and reward professionals.

EMEA Tax Dbriefs

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The Impact of COVID-19 on Transfer Pricing in the Middle East

16 April 2020 | 1:00 PM CEST

Host: Sophie Brown

Presenter: Shiv Mahalingham

Multinational enterprises (MNEs) are likely to experience transfer pricing challenges, due to the ongoing COVID-19 crisis. It is customary in the Middle East, North Africa (MENA) that the transfer pricing reporting process is set out in line with corporate income tax reporting. As a result, there are various tax authorities that are issuing extensions (the tax authorities in Qatar and Saudi Arabia have provided an extension for tax return submissions) in 2020. Nevertheless, transfer pricing audit letters are still being received by clients.

The current situation is likely to lead to economic changes that MNE’s will have to face, and it is vital that these changes are considered in relation to policy design and documentation. We will discuss:

  • The real time impact on fiscal year 2019 (FY2019)
  • Economic impact on FY2020 transfer pricing policy design and documentation
  • The future impact on FY2020 transfer pricing audits
  • Managing TP from remote locations
  • What the HMRC is adopting/taking into consideration with respect to COVID-19

EMEA Tax Dbriefs

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Job Retention Scheme And Pension Regulator Concession: Options, Impact And Practicalities (UK perspective)

16 April 2020 | 1:00 PM CEST

Host: James Warwick

Presenters: Michael Nicolaides, Mark Jones, Andrew Lilley

Following further guidance from HMRC on the government’s Job Retention Scheme (JRS) and the Pension Regulator’s concessionary announcement enabling employers to temporarily reduce employer DC pension contribution levels for furloughed employees, many employers are considering whether to furlough employees and for how long, how to calculate their JRS grant, and whether to reduce employer pension contributions for this population. We recognise these are all tough decisions, with a myriad of considerations and complexities to work through. Join us for this Dbriefs session to discuss the options, impact and practicalities for your business, including:

  • A recap of the JRS and furloughing
  • The Pension Regulator’s announcement and options for reducing employer pension contributions into DC arrangements
  • The process for making a JRS grant claim and the steps involved
  • How employers can practically undertake the grant calculation for their population of employees, given a range of complexities and options including: variable pay, discretionary payments, allowances, overtime, part-time working etc
  • The interaction with salary sacrifice arrangements (including pensions salary sacrifice)

What are the compliance obligations for employers in respect of both the JRS and the Pension Regulator’s announcement?

EMEA Tax Dbriefs

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Coronavirus (COVID-19): Impact on Contracts – Force Majeure and MAC-clauses

16 April 2020 | 12:00 PM CEST

Host: Giorgio Mariani

Presenters: Benjamin Balensi, Chris Hardman, Jan Jarmul, Andreas Leclaire, Yuriy Khalimovskiy, and Ildar Zverev

In the context of the COVID-19 pandemic, many clients are faced with material problems in managing contracts. Companies have to deal with delivery bottlenecks, delays or other disruptions in performing obligations. Real estate agreements are also impacted, as well as extraordinary transactions such as mergers and acquisitions. Force Majeure clauses and Material Adverse Change clauses are discussed as possible solutions, suspending or even ending the performance obligations under contracts entered into. We'll discuss:

  • General applicability of Force Majeure clauses and Material Adverse Change clauses across main European jurisdictions and recent trends in specific industries.
  • Tactical approach negotiating COVID-19 as Force Majeure and dealing with responses to Force Majeure notifications.

Hear from our panel of experienced attorneys on the impact on contracts from the global and best-practice perspectives.

Dbriefs Legal

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Managing your cash position through the COVID-19 outbreak: tax measures and strategies

9 April 2020

Speakers: Marc Bafort and Johan Van der Paal

The COVID-19 outbreak has resulted in a very fast reduction of the economic activity in Belgium and globally and is forcing companies to reassess the sources of cash against a variety of economic scenario’s. In the current circumstances, governments have reacted swiftly to take measures to help companies deal with and mitigate the sizeable impact, with a clear focus on liquidity measures.

In our webinar, we will guide you through a number of new and existing strategies and measures that can help you navigate the challenges on your business’ cash flow.

Belgium Dbriefs

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COVID-19: Longer Term Implications And The Future Of Work

7 April 2020 | 1:00 PM CEST

Host: Joanne Haslehurst

Given the current environment, many planned events over the coming months have unfortunately been postponed or cancelled. During this difficult time, with many of us working remotely, connections can be somewhat limited. With this in mind, we are producing a new Deloitte Global Employer Services (GES) Dbriefs series called Staying Connected which aims to provide perspectives and insights on all aspects of managing a global workforce. Naturally COVID-19, and the ramifications for both employers and employees, is upper most in all of our minds, therefore our first three webinars will focus on this issue. During these sessions, we’ll discuss:

  • Immigration and cross-border tax considerations
  • Implications for employment law and employment tax
  • Longer term implications and the future of work

Join us to learn more about the impact of COVID-19 on your organisation and your global workforce.

EMEA Tax Dbriefs

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Responding to COVID-19: the workforce perspective

2 April 2020

Speakers: Stijn Demeestere (Deloitte Legal), Karolien Martens and Sofie Van Breedam

Belgium is entering its third week of lock-down as part of the fight against the COVID-19 pandemic. These unprecedented times come with continuous challenges which strongly impact businesses and their workforce.

This Tax & Legal webinar focuses on what businesses can do to respond to the COVID-19 outbreak in relation to the management of their talents in the following domains: Rewards, Global Mobility and Employment Law. 

Deloitte’s subject matter experts will review practical questions and challenges faced by companies and their HR department. They will outline the various workforce related measures put forward by the Government to help employers overcome this situation, and address the key points of attention and pitfalls.

Belgium Dbriefs

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COVID-19: Implications For Employment Law And Employment Tax

31 March 2020

Host: Joanne Haslehurst
Presenters: Andrew Lilley, James Warwick

Given the current environment, many planned events over the coming months have unfortunately been postponed or cancelled. During this difficult time, with many of us working remotely, connections can be somewhat limited. With this in mind, we are producing a new Deloitte Global Employer Services (GES) Dbriefs series called Staying Connected which aims to provide perspectives and insights on all aspects of managing a global workforce. Naturally COVID-19, and the ramifications for both employers and employees, is upper most in all of our minds, therefore our first three webinars will focus on this issue. During these sessions, we’ll discuss:

  • Immigration and cross-border tax considerations
  • Implications for employment law and employment tax
  • Longer term implications and the future of work

Join us to learn more about the impact of COVID-19 on your organisation and your global workforce.

EMEA Tax Dbriefs

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COVID-19: Immigration And Cross-Border Tax Considerations

23 March 2020

Host: Joanne Haslehurst
Presenters: Katrina Cooper, James MacPherson

Given the current environment, many planned events over the coming months have unfortunately been postponed or cancelled. During this difficult time, with many of us working remotely, connections can be somewhat limited. With this in mind, we are producing a new Deloitte Global Employer Services (GES) Dbriefs series called Staying Connected which aims to provide perspectives and insights on all aspects of managing a global workforce. Naturally COVID-19, and the ramifications for both employers and employees, is upper most in all of our minds, therefore our first three webinars will focus on this issue. During these sessions, we’ll discuss:

  • Immigration and cross-border tax considerations
  • Implications for employment law and employment tax
  • Longer term implications and the future of work

Join us to learn more about the impact of COVID-19 on your organisation and your global workforce.

EMEA Tax Dbriefs

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Coronavirus (COVID-19): How to manage the impact on your global workforce

17 March 2020

Host: Nicolaas Vermandel
Presenters: Erika Collins (Epstein Becker Green), Susan Gross Sholinsky (Epstein Becker Green), Fernando Bazan, Alexander Fischer, and Andrew Lilley

As news of the novel coronavirus's spread continues to have a dramatic impact worldwide, employers are facing countless questions about how to address the implications of the virus on their businesses and workforce. In this webinar, our panel of experienced attorneys will bring a global and best-practice perspective to the following topics:

  • What lessons can employers learn from the experience in China?
  • What restrictions should employers consider as to medical inquiries or quarantine?
  • What is the latest on the legislative framework and temporary measures regarding pay, especially during quarantine, illness, or temporary shutdown?
  • How do employers maintain business continuity during this situation? What about paid time off and telework? What happens when employees refuse to work because of their concern over contamination risk?

Dbriefs Legal

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Coronavirus (COVID-19) - How to manage the impact on your workforce

12 March 2020

Presenters: Koen Fransaer, Heleen Franco

As news of the Novel Coronavirus' spread continues to make headlines worldwide, employers throughout all industries are now questioning how to deal with the various implications of the virus on their businesses and workforce.

In this webinar, we discuss potential legal risks and best practices for managing workplace concerns relating to Coronavirus and other infectious diseases. We will address different topics.

The webinar will not only tackle these questions from a Belgian perspective, but will also look at certain measures implemented in our neighbouring countries, as well as other international aspects that should be looked at.

Belgium Dbriefs

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