The new calculation tool is accessible to all investors and accounting professionals registered on the SCOPE extranet
The main problem encountered with the old calculator: its availability. Indeed, given the numerous updates (at least twice a year when the half-yearly rate used to calculate the additional return is modified), how can you be sure that you have the latest version of the program?
Given its weight, it then had to be sent by We Transfer, and installed on a computer after passing the security tests.
These obstacles have now been removed given the complete redevelopment of the application in a web version, accessible free of charge to anyone registered on the SCOPE Invest extranet platform.
Last update on : 20.08.2024
This platform called "mytaxshelter" already allowed access to the entire history of investments made by your company (or companies) at SCOPE Invest.
In addition to the statement of financial returns, this tool allows, for example, access to your investment contracts or to download tax certificates when they become available.
This last feature having lost its appeal given the now widespread use by the tax administration of the MyMinFin portal, the choice was made to enrich the platform with a complete tool allowing simulations of tax shelter investment capacity and yield calculations.
Let us simply recall here that there are different ceilings limiting the tax immunization of companies depending on the parameters of their annual accounting balance sheet. The maximum amount that can be immunized is €1,000,000 and a maximum of 50% of the movement of taxed reserves for the financial year before the constitution of the immunized reserve via the tax shelter.
An element that therefore strongly influences the tax shelter capacity of an investor is, in addition to its accounting profit before tax, the amount of dividends that it intends to distribute over the financial year. This has a direct impact on the movement of taxed reserves for the financial year.
Last update on : 20.08.2024
The “Optimal investment” calculation tool allows an unlimited number of simulations, which can be saved as a PDF file.
The tool allows you to simulate the optimal tax shelter, particularly in combination with the constitution of a liquidation reserve. It also takes into account the fact that some companies benefit from a reduced rate of 20% on the first slide of €100,000 of profits. Finally, it adapts the calculation of increases for insufficient advance payments according to the closing date (be careful, 9% increase from the 2025 tax year!).
Better still, it allows you to precisely calculate the tax shelter to be carried out and the optimal amount of VA to be paid at the next deadline. A very useful feature when considering the tax shelter while wanting to optimize your cash flow.
Last update on : 20.08.2024
Finally, the tool is designed not only to carry out simulations for future closings but also to check the returns on past investments. Many accountants validate investments made on the basis of the final figures after closing, in order to calculate any amounts to be carried forward to subsequent financial years.
Let us recall on this subject that an excess amount can be carried forward until the fourth following financial year.
Last update on : 20.08.2024
If you are not yet registered on the “mytaxshelter” extranet, please request it by sending an email to mytaxshelter@scopeinvest.be, specifying the company numbers of the companies for which you wish to access the investment history.
Last update on : 20.08.2024