maaxx.ca

Jakarta –

The Belgian government has frozen all assets of the Russian central bank in its country. On these assets, all the tax advantages enjoyed by Belgium will be transferred in full to Ukraine.

Launch ReutersAs of Tuesday (10/17/2023), the Belgian government estimates it can collect tax revenue from frozen Russian assets at 2.3 billion euros ($2.4 billion).

If converted to rupiah, the results of this “squeeze” could yield approximately IDR 37.68 trillion (exchange rate of IDR 15,700/US dollar). However, not all tax revenues go directly into Ukraine’s pockets, as tax collection itself is carried out in stages.

According to the spokesperson for the Belgian Prime Minister, Alexander De Croo, his country hopes to collect 625 million euros in tax revenue in 2024 from frozen Russian assets and the rest, around 1.7 billion euros, in 2024.

“Last year it was very clear to us that the tax on the proceeds of these assets should go 100% to the Ukrainian population,” De Croo told reporters.

De Croo further revealed that all these funds would be used by Ukraine for military purposes, for humanitarian aid and for the reconstruction or construction of facilities destroyed by the war.

“The funds will be used to purchase military equipment. We will do this through consultations and will also be used for humanitarian aid,” he further said.

Furthermore, in addition to Belgium, it appears that other countries of the European Union plan to use the proceeds from taxes on frozen Russian assets for the needs of Ukraine.

This plan was discussed by the European Union with the G7 countries (United States, Canada, France, Germany, Italy, Japan and the United Kingdom). Tax revenue collected from Russian assets across the blue continent has reached 300 billion euros.

(fdl/fdl)