Since 2010, Alterfin is as a Development Fund in Microfinance recognised by the Belgian Ministry of Finance. Since then, anyone investing in Alterfin's shares and meeting the conditions has enjoyed a capped 5% tax reduction. This approval was given for a period of five years.
We received confirmation of the renewal of this agreement for Alterfin until 2024. The tax benefit for our members has thus also been extended until 2024.
In practical terms, this represents a financial advantage for our members (who satisfy the conditions). Above all, though, it means more resources for Alterfin, which will be able to increase its support to microfinance institutions and organisations of smallholder farmers in the South.
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