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Belgium Publishes Law for COVID-19 Loss Carryback Relief — Orbitax Tax News & Alerts

Belgium has published in the Official Gazette the Law of 23 June 2020 on tax provisions to promote the liquidity of businesses in the context of the fight against the economic consequences of the COVID-19 pandemic. As {News-2020-06-26/A/3-previously reported}, the law provides loss carryback relief for companies and individual entrepreneurs, while originally proposed measures for an equity reconstruction reserve are not included in the final law.