On friday, the Belgian Cabinet approved a royal decree which allows an additional one-time deduction to investments in digital assets, such as payment systems and cyber security. It is a tax advantage where 13.5 percent of the invested amount may be deducted at once from the taxable profit.

The deduction applies from fiscal year 2016 to new investments in depreciable assets.

The barometer of the FOD Economy Information recently revealed that Belgian companies only realized 2.4% of their sales online, while the European average is 6%. The number of cyber incidents doubled between 2013 and 2014.

Source: Belga


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