The lender subject to personal income tax in the Flemish Region is entitled to a one-off tax credit if the borrower is unable to repay the Winwin loan due to bankruptcy, manifest insolvency, or voluntary or forced dissolution or liquidation of the borrower during or within six months of the loan term.

The lender will have to make the loan due and payable by registered letter or debt declaration. The lender will then receive a tax credit of 30% of the final lost capital. This proof of final loss can be provided by any common law evidence except the oath. Find out about this from your local tax inspector.