The overall net return on a Tax Shelter investment rises to 13.26% in the second half of 2026

The potential overall net return above 13%

Good news for companies seeking to optimise their tax position through the Tax Shelter: the potential overall net return on an investment now amounts to 13.26% of the invested amount for all payments received between 1 July and 31 December 2026.

Last update on : 29.07.2026

An increase driven by the supplementary return

This development is due to the increase in the supplementary return, the amount of which is determined by the formula laid down in the Tax Shelter legislation, based in particular on changes in the 12-month Euribor rate.

For investments whose payment is received between 1 July and 31 December 2026, this supplementary return now amounts to 8.006% net of the invested amount, after deduction of corporate income tax, representing an increase of 0.49% compared with the previous half-year period.

As provided for under the Tax Shelter mechanism, this supplementary return is generally paid 18 months after SCOPE receives the investment, in addition to the tax return generated by the transaction. Where the tax certificate is issued before the end of this 18-month period, the return is limited to the period between the investor's payment of the funds and the date on which the tax certificate is issued, and is reduced pro rata.

Last update on : 29.07.2026

A potential overall net return of 13.26%

The overall net return consists of two components:

• a tax return of 5.25%, corresponding to the tax saving generated by the Tax Shelter, provided that the conditions for granting the tax benefit are met;
• a net supplementary return of 8.006%, paid at the end of a maximum period of 18 months.

Together, these components bring the potential overall net return to 13.26% of the invested amount for companies subject to the standard corporate income tax rate, subject to the conditions laid down in the Tax Shelter legislation.

Last update on : 29.07.2026

A high level, but not an exceptional one

With an overall net return of 13.26%, the Tax Shelter has returned to a level above the average of the past five financial years. From 2015 to 2022, the overall net return on the Tax Shelter fluctuated around 10%. This positive development in returns, which began in 2023, represents an excellent opportunity for companies considering an investment before year-end to optimise their tax burden while benefiting from an attractive financial return.

Evolution of half-yearly rates over five years

Companies making their payment to SCOPE Invest between 1 July and 31 December 2026 will lock in this supplementary return rate, irrespective of future market developments.

Last update on : 29.07.2026

Why invest before 31 December 2026?

By making their investment before year-end, companies can:

• benefit from a potential overall net return of 13.26%;
• secure a net supplementary return of 8.006%, included in the 13.26%;
• immediately reduce their tax burden through the Tax Shelter mechanism;
• support the financing of Belgian audiovisual and performing arts productions.

This new rate once again confirms the attractiveness of the Tax Shelter as a tax optimisation solution combining financial performance with support for the cultural economy.

Last update on : 29.07.2026

A risk-limitation mechanism backed by SCOPE's own funds

To benefit from these attractive returns, the Tax Shelter transaction must be successfully completed so that, following verification of the work's expenditure, the tax certificates intended for investors can be obtained.

These certificates are issued by the tax authorities following an audit of the work's expenditure and allow the amounts exempted through the Tax Shelter investment (421% of the amounts invested) to become definitively tax-exempt.

SCOPE guarantees, from its own funds, the overall net return contractually agreed. The audited own funds as at 31 March 2025 cover 29.88% of the amounts invested by investors as at 31 March 2026 for which no tax certificate has yet been obtained.

Since 2003, SCOPE Invest's historical tax-certificate success rate has been 99.51%.

Last update on : 29.07.2026

Warnings

Prospective investors are invited to consult the SCOPE Invest Prospectus, and in particular the warning on the first page and the risk factors in Chapter 2, before making an investment decision, so as to fully understand the potential risks and benefits associated with the decision to invest.

The transaction consists, for the investor, of a payment of funds with no repayment at maturity, with a view to obtaining a Tax Shelter certificate linked to an eligible work (audiovisual or performing arts) which, subject to certain conditions, entitles the investor to a tax exemption. The Tax Shelter involves risk factors, the main one being the risk that the investor may not obtain, or may obtain only part of, the tax benefit, resulting in the total or partial loss of the amount invested where the guarantee mechanisms prove ineffective. These risk factors are described in the warning, the summary and Chapter 2 of the Prospectus approved by the FSMA on 16 December 2025.

The FSMA's approval of the Prospectus should not be understood as an endorsement of the offer contained therein. SCOPE Invest's offer concerns an investment under the Belgian Tax Shelter scheme (audiovisual and performing arts) in accordance with Articles 194ter et seq. of the Belgian Income Tax Code 1992 (ITC 1992). Participation in the offer does not require a minimum investment amount and does not entail any costs for the investor other than payment of the investment. Companies interested in SCOPE Invest's offer are invited to review the full information contained in the Prospectus and any supplements thereto, and to assess the appropriateness of the investment with their usual financial and tax advisers.

Last update on : 29.07.2026