The Wallonia region has taken economic measures to support SMEs during the Covid-19 outbreak, including the tourism sector.
Highlight the Wallonia measures
Besides federal measures such as:
- a fixed amount per month for firms which have recourse to partial unemployment for force majeure ;
- deferral of VAT payment, social contributions and corporate tax ;
- reduced social contributions for self-employed conditional on proving a decrease in revenue due to the outbreak ;
- cancellation or deferral of social contributions for the self-employed
- income replacement for the self-employed ;
- suspension of penalties for suppliers failing to fulfil government contracts.
WALLONIA REGION has taken measures, as followed:
FISCAL RELIEF, OVERCOMING LIQUIDITY
- 233 million euros for SME’s which have to suffer from the crisis : 5 000 € payment for those which have to close their doors (hotels, catering, travel agencies, tourist attractions)
- possible waiver of utility payments
- deferral of tax payments and water (Walloon water distribution network) invoices;
- freezing of loans to public institutions;
- guarantees on bank loans to companies (SMEs and larger ones)
- Quick loans (equal to the bank loans) from the Walloon government funding body (SOGEPA) for turnaround SME’s
- flexibility for SME’s grant applications.
A Walloon taskforce has been working on developing a recovery plan dedicated to tourism. The taskforce is composed of the official bodies - “Commissariat general au Tourisme” (the Walloon administration of tourism) “Wallonia Belgium Tourism” (in charge of the promotion of Wallonia in Belgium and abroad) and representants of the Minister of tourism -, and works in collaboration with the private sector.