From deafening applause to clinking glasses in the foyer. The magic of the performing arts is inimitable. Sold out venues require years of hard work, both creatively, technically and financially.
Through the tax shelter regulation*, whereby investors can enjoy a considerable tax exemption, the Belgian government stimulates investment in theatre, dance, classical music, circus and total performances.
However, rarely has a single article of law raised so many practical questions. The volatility and complexity of tax legislation often makes the application of the tax shelter complex. Given the constantly changing positions of tax authorities and case law, it is important to be able to rely on effective and experienced advisors at all stages of a Tax Shelter project.
What the Tiberghien Tax Shelter Team can do for you:
The Tiberghien Tax Shelter Team has extensive expertise in the subject matter and is familiar with the bottlenecks in the audiovisual sector. Our lawyers have a practice-oriented approach and place the emphasis on constructive and sustainable cooperation between all parties involved in a tax shelter investment.
- For production houses
The lawyers at Tiberghien will be pleased to assist you with, among others, the creation of a production company, the application for recognition at the Cel Tax Shelter, the drafting of financial contracts, the analysis of tax qualification issues related to "eligible costs", as well as the request for an advance ruling.
- For intermediaries
We support you in drafting framework agreements and recognition applications. We also assist you strategically and operationally in case of partial or non-delivery of attestations.
- For investors
We guide you in making an investment in an "eligible work". This includes, among other things, reviewing the framework agreements as well as providing assistance and representation during a tax audit and a valuation procedure, whether or not followed by legal proceedings.
To tax shelter or not to tax shelter. That is the question.
*Tax Shelter for theatre, dance, classical music, circus or total performances: Article 194ter/1 of the Income Tax Code.