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Cost of the operation

The law determines the amount that your enterprise may assign each year to a Tax Shelter transaction: in most of the cases* it will be around 1/10 of your pre-tax profit or still about 1/3 of the taxes due. There is also a ceiling of €241,935 (tax year 2018) or € 210,674 (tax year 2019) per year and per company. The optimal amount of a Tax Shelter transaction can be determined in an instant using the calculation tool provided by SCOPE Invest.

* Provided there is no distribution of dividends and that the effects of notional interest and rejected expenses tend to be offset

The amount assigned to the transaction which could not be exempted if there are no or insufficient gains will be carried forward to taxable gains in the following tax periods. An enterprise can carry forward its Tax Shelter surplus for a maximum of four years.

To estimate the amount of a Tax Shelter operation on the basis of your own financial and tax position, click here.

Tax benefit

Tax year 2018

For tax year 2018, the tax benefit corresponds to 105.37% of the Tax Shelter investment on the basis of a normal tax rate of 33.99%. Up to 310% of the investment is deductible by your company. The investment generates an immediate tax reduction of 105.37% of the investment amount, or the investment x 310% x 33.99%. This reduction immediately generates a gain of 5.37% by comparison with a non-optimised situation.


The table below illustrates this tax benefit in comparison with a company which does not benefit from this optimisation scheme.


Scopeinvest - tax benefit
Tax year 2019

For tax year 2019, the tax benefit corresponds to 105.305% of the amount of the Tax Shelter operation, based upon a usual tax rate of 29.58%. The investment amount is deductible at 356% for your company. The operation generates an immediate tax reduction of 105.305% of the investment amount, i.e. the investment x 356% x 29.58%. This tax reduction immediately generates a gain of 5.305% compared to a non-optimised situation.


The table below illustrates this tax benefit in comparison with a company which does not benefit from this optimisation scheme.


Scopeinvest - tax benefit

The enterprise can enjoy its tax benefit from the year in which the agreement formalising the Tax Shelter arrangement is signed. The reason for this is that it reduces its prepayments during the transaction year by taking account of the tax benefit granted.

If it has already made all its prepayments when it takes the decision to invest, it may claim the repayment of the surplus tax paid or carry forward the surplus tax to the following year’s prepayments.

If it has not made sufficient prepayments for the closed financial year, the tax benefit granted through the Tax Shelter Scheme can be used to enable it to avoid part of the increase due in the event of insufficient prepayments.

The tax benefit granted in the year of the Tax Shelter transaction is temporary. It becomes definitive when the company receives its Tax Shelter Certificate of the fiscal administration, linked to the film project chosen by the investor. This certificate confirms that the film has indeed incurred a minimum amount of production expenses in Belgium, within the deadlines set out by the law. SCOPE Invest will obtain this certificate and forward it to the enterprise that conducted the operation.

To find out about the unique way that SCOPE Invest has gone about achieving this result, click here.

Additional interest on the investment

In addition to this tax benefit, you will actually receive a yield of 4.56%* on your investment. The amount of the interest depends on the current EURIBOR* rate and is calculated for a maximum period of 18 months.

* Average 12 month EURIBOR of June 30th, 2018 (valid for every investment from July 1st and December 31st, 2018) + 450 basis points. Net interest (4.56%) = gross interest over 18 months (6.47%) – corporate tax. This rate is updated semi-annually and is valid for all investment paid until December 31st, 2018.

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