The Tax Shelter
Forming part of the fiscal measures introduced and supported by the Belgian federal government, the Tax Shelter enables any participating Belgian company to reduce its taxable base by a maximum of €1,000,000 (*) per financial year (tax year 2021), to benefit from an immediate tax break and to conduct a financial operation designed to offer an attractive positive return. For a business, investing in a Tax Shelter operation means generating a return from part of your tax!
(*) The absolute tax break ceilings are doubled, as a result of the COVID-19 health crisis, for framework agreements signed during a taxable period ending no later than 31 December 2021.
WARNING For the investor, the operation consists of making a payment of funds without eventual repayment in the aim of obtaining a Tax Shelter certificate linked to an eligible work (audiovisual or theatrical) which, under certain conditions, entitles the investor to a tax exemption. The Tax Shelter features risk factors. The main one of these is the risk of not obtaining or only partially obtaining the tax benefit for the investor. The consequence of this is the total or partial loss of the amount invested should the guarantee mechanisms be inoperative, - as stated in our Prospectus dated 23 July 2020, briefly in the warning on the cover, and more comprehensively on pages 15 and 18 and in our Supplement No. 1 dated 05 January 2021. The approval of the Prospectus by the FSMA should not be considered as a favourable opinion on the offer it contains. SCOPE Invest’s service concerns investments within the framework of the Belgian Tax Shelter system (for the audio-visual & performing arts sectors) in accordance with the provisions of Articles 194ter and following of the 1992 Income Tax Code (hereinafter 1992 CIR). Participation in the offer does not impose a minimum amount on the investor and does not involve any costs for the investor other than the payment of the investment. Companies interested in SCOPE Invest's offer are invited to read the full information contained in the Prospectus and its Supplements and to confirm the advisability of making the investment with their usual financial and tax advisers.
The risk of financial instability and bankruptcy of SCOPE Invest, SCOPE Pictures and SCOPE Immo is increasing as a result of the combined effect of (i) the difficulties resulting in the non-issuance (or partial non-issuance) of the Tax Shelter Certificates and (ii) the negative economic outlook potentially impacting the ability of investors to carry out Tax Shelter operations. The risk of bankruptcy cannot be excluded.