February 27, 2024

Taylor Daily Press

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Flanders is planning four new disabled zones

Flanders is planning four new disabled zones

“We note that the economic uncertainty of the past period has unfortunately led to significant restructuring in different parts of Flanders,” Minister Bruns said. “There have been layoffs at Sappi, Signify, Balta and Ideal, among others, and this has often had a significant impact on the affected employees and their families.”

In Flanders there are currently three disabled areas (around Genk, Turnhout and Vilvoorde). In these areas, SMEs and large companies are exempt from 25% withholding tax for two years on investments involving new employment.

The inactive zones were extended in the fall of 2022 due to the energy crisis, but for Genk-Waternhout this period ends at the end of October 2024. That is why Minister Bruns has now started registration for four new zones. “These new zones will enable lower wage costs over the next six years for companies that invest and create new jobs,” Bruns said.

The four new regions are located in Limburg (the region around Lanaken), the Kempen region (the region around Turnhout-Perse), the Antwerp-Brussels axis (the region near the city of Antwerp and the region in Machelen-Vilvoorde) and West Flanders (the region surrounding Weelsbeek). )) Its term will be six years.

The aim is for the new disabled zones to come into effect by November 1, 2024 at the latest.

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