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Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of key government intervention measures across jurisdictions around the globe in relation to: Foreign Investment Restrictions, Debt, Equity, Taxation, Insolvency, EU State Aid Approvals, where relevant.

In anticipation of the EU DAC 7 initiative, Belgium has recently introduced “DAC 7 light” reporting obligations for digital platform operators in the sharing and gig economy. The goal is to render the income realized by service providers through these platforms more transparent and to prevent avoidance or fraud from a tax and social security perspective.

A new and extended version of the Securities Account tax was introduced in Belgium by the Law of 17 February 2021 that entered into force on 26 February 2021. The new tax takes the form of an annual tax of 0.15% on securities accounts that exceed EUR 1 million in average value (this includes financial instruments as well as the cash balance). The tax will first be due for the reference period starting on 26 February 2021 and ending on 30 September 2021.

On 15 January 2021, the Belgian government approved a preliminary federal bill (Bill) transposing the Audiovisual Media Services Directive (AVMSD), which revises the obligations vis-à-vis linear and on-demand audiovisual media service (AVMS) providers and proposes a new regulatory framework for Video-Sharing Platform Services (VSPS). 

This Bill is introduced at the federal legislative level, meaning it will apply with respect to operators providing services that are not exclusively directed to the Dutch- or French-speaking community in the Brussels-Capital Region, complementing the jurisdiction of the Flemish-, French- and German-speaking Communities. The federal media regulator, the Belgian Institute for Postal Services and Telecommunications (BIPT), will remain responsible for the supervision of compliance of the new law.

On 15 January 2021, the Belgian government approved a preliminary federal bill (Bill) transposing the Audiovisual Media Services Directive (AVMSD), which revises the obligations vis-à-vis linear and on-demand audiovisual media service (AVMS) providers and proposes a new regulatory framework for Video-Sharing Platform Services (VSPS). 

This Bill is introduced at the federal legislative level, meaning it will apply with respect to operators providing services that are not exclusively directed to the Dutch- or French-speaking community in the Brussels-Capital Region, complementing the jurisdiction of the Flemish-, French- and German-speaking Communities. The federal media regulator, the Belgian Institute for Postal Services and Telecommunications (BIPT), will remain responsible for the supervision of compliance of the new law.

On 28 January 2021, the Commission amended the Temporary Framework for COVID-19 (“Framework”) again. This 5th Amendment prolongs its application until 31 December 2021. Other changes include increasing aid amounts that the Commission will approve under the Framework and allowing for limited amounts of repayable Framework aid to be converted…

Countries around the globe are facing unprecedented and rapid change due to the COVID-19 pandemic. The Government Intervention Schemes Guide provides a summary of key government intervention measures across jurisdictions around the globe in relation to: Foreign Investment Restrictions Debt Equity Taxation EU State Aid Approvals (where relevant) READ REPORT…