The Belgian Ministry of Finance has announced an adjustment in the percentages used in determining the advance tax payment surcharge credit to assist taxpayers with liquidity issues resulting from COVID-19. When advance tax payments do not cover the final tax assessment for the year, a surcharge (tax increase) applies, which is currently equal to 7.0% on 103% of the total tax due, less prepayments, tax credits, withholding tax, etc. A credit against the surcharge amount is provided for timel…