Invest and receive a 310% or 356% tax redemption
Would you like to invest your money and receive a 310% tax exemption? Plus an extra premium on top? Tax Shelter makes it happen! Introduced by the Belgian government to support new projects in cinema and audio-visual art, the Tax Shelter initiative lets you benefit from a handsome tax incentive while earning an extra premium on your capital.
Enjoy a tax exemption of 310% of the amount invested if your company has a fiscal year ending before 31/12/2018, and 356% if the fiscal year ends as from 31/12/2018.
An extra premium
Earn an extra premium (Euribor + 4.5%) for the amount deposited over a maximum period of 18 months.
Support the audio-visual arts in Belgium
Tax Shelter is an investment introduced by the Belgian government to support new projects in cinema and audio-visual arts.
You are a Belgian company or a Belgian branch of a foreign company. Your company is subject to company tax in Belgium.
ING1 cooperates with 2 specialised companies, taxshelter.be and Shelter Prod. As a distributor, we offer you the opportunity to invest in the taxshelter.be investment. Read more in the prospectus (PDF in FR).
taxshelter.be2 is a Belgian intermediary that manages the administrative and operational side of your contract and investment. You can follow everything online.
Shelter Prod3 is a Belgian production company that manages the financial side, including your tax certificate and all audits required in order to receive your tax incentive.
Your company signs a framework agreement with taxshelter.be and Shelter Prod to invest in a film, documentary or other production. You deposit between 5,000 and 241,000 euros (or 210.000 euros when the fiscal year ends as from 31/12/2018), within 3 months of signing the agreement. You will enjoy a temporary tax exemption.
Shelter Prod monitors your investment and ensures that the money is spent within a period of 18 months (or 24 for animated films). All funds must be allocated in accordance with the law and the provisions of the framework agreement. Shelter Prod also ensures that the FPS Finance audits and approves all expenses.
The FPS Finance issues a Tax Shelter certificate to Shelter Prod. Shelter Prod sends the certificate to your company. From that point on, your tax exemption is permanent.
Your benefits as an investor:
- a temporary tax exemption of 310% of the amount invested if your company has a fiscal year ending before 31/12/2018, and 356% if the fiscal year ends as from 31/12/2018.
- an extra premium (Euribor + 4.5%) for the amount deposited over a maximum period of 18 months.
The tax exemption is limited to 50% of taxable profits per taxable period up to a maximum of 750,000 euros.
The risks linked to a tax shelter operation are detailed in the prospectus. The offer is only valid to legal entities subject to article 194ter du CIR 1992. If the tax rate is different than 29,58% , the gain can be different or even negative (maximal possible loss of 22,81 %). The term of payment to investors of the interest premiums varies from 3 to 18 months, depending on the requirements to fund the relevant film or audiovisual project.
- Shelter Prod or taxshelter.be goes bankrupt and you lose your investment and any associated benefits. Shelter Prod, however, is insured against this risk.
- taxshelter.be and/or Shelter Prod are no longer recognised by the FPS Finance and you lose your investment and the associated benefits.
- Shelter Prod does not receive its tax certificate, which leaves you without temporary or final tax exemption. Once again, Shelter Prod nevertheless has taken out specific insurance to cover this eventuality. In addition, our partners closely monitor all audits needed to obtain the tax certificate.
- The premium may be lower if it is already paid after 3 months. The pay-out of the premium depends on the funding needs of the cinematographic or audio-visual work. under normal circumstances, all projects should be completed within 3 to 18 months.
Tax Shelter is an investment under Belgian law that allows your company to support audio-visual and cinematographic productions.
- Minimum amount of 5,000 euros and maximum amount of 241,000 euros if your company has a fiscal closing before 31/12/2018, and 210.000 euros if the fiscal year ends as from 31/12/2018.
- Tax advantage of 310% on the invested capital or 150% if your company has a fiscal closing before 31/12/2018, and 356% if the fiscal year ends as from 31/12/2018.
- Extra premium for the deposited amount, calculated over a period of 3 to 18 months (depending on when the Tax Shelter certificate is delivered by Shelter Prod) (Euribor 12 months + 4.50%).
- Insurance against a potential loss of the tax advantage, but not the premium.
- Final tax certificate after a maximum of 4 years, delivered by Shelter Prod.
- The investment is not transferable.
- No fees, but company tax will apply to the premium.
1 Distributor: ING Belgium SA/nv – Bank – Avenue Marnix 24, 1000 Brussels – Brussels Register of Companies – VAT: BE 0403.200.393 – BIC: BBRUBEBB – IBAN: BE45 3109 1560 2789
2 Intermediary: taxshelter.be, a public limited company under Belgian law with registered office at Rue de Mulhouse 36, B-4020 Liège, recognised as such by the FPS Finance on 28 January 2015
3 Production company: Shelter Prod, a public limited company under Belgian law with registered office at Rue de Genève 175, 1140 Brussels, recognised as such by the FPS Finance on 13 February 2015