Covid-19 Update

Almost every enterprise is experiencing the consequences of the worldwide spread of the Covid-19 virus. In order to alleviate the economic hardship, the federal government has developed a series of aid measures.  

One of these measures relates to the social security contributions: on the one hand a suspension of payment of social security contributions, on the other hand an instalment plan.

Almost every enterprise is experiencing the consequences of the worldwide spread of the Covid-19 virus. In order to alleviate the economic hardship, the federal government has developed a series of aid measures.  

One of these measures relates to the social security contributions: on the one hand a suspension of payment of social security contributions, on the other hand an instalment plan.

The coronavirus has dominated the news for several months and is increasingly affecting our national economy. In order to support enterprises financially during this crisis, the Government has provided for additional support measures. 

Titeca Accountancy will provide a clear overview below. In the meantime, we will closely monitor the situation for information on possible additional measures per sector.  

Almost every enterprise is experiencing the consequences of the worldwide spread of the Covid-19 virus. In order to alleviate the economic hardship, the federal government has developed a series of aid measures.  

One of these measures relates to the social security contributions: on the one hand a suspension of payment of social security contributions, on the other hand an instalment plan.

Due to the current situation the federal government decided last Friday afternoon the drastically simplify the temporary unemployment of employees as a result of the corona crisis.  

In order to ensure financing in times of the corona crisis and to give citizens some financial breathing space, the federal government has taken drastic measures. After consultation between the authorities and the banking sector, the decision was taken that banks will commit to granting suspension of payment to viable enterprises, self-employed people and individuals until 30 September 2020, without additional costs. 

In these turbulent times Titeca Accountancy is extra concerned about the well-being of our employees and customers-entrepreneurs. We conscientiously apply all recommendations of the FPS Public Health against the spread of the coronavirus.

Companies affected by the consequences of the corona can request temporary unemployment benefits for their employees. 

If you are confronted with an acute decrease in the number of orders, your turnover or your production, you can request unemployment benefits for economic reasons.  If your company is unable to put employees to work on account of a lockdown, it is advisable that you request unemployment benefits on account of force majeure.