Improved credit refunds, extended deadlines backed by tougher fines Belgium is proposing reforms for the administration of VAT returns in an aim to help businesses and curb non-compliance. If the proposed legislation is passed, it would enter into force from 1 January 2024. Learn more
12% September inflation prompts Federal Budget to make energy VAT cut permanent The Belgian 2023 Federal Budget has changed the temporary VAT cut from 21% to 6% permanent. There will also be reforms of the excise duties on gas and electricity. This covers: electricity, natural
July 2024 to July 2025 B2B invoicing phased rollout; Peppol likely preferred standard Original plans to launch July 2023 likely have been delayed for a second time to start July 2024 as key decisions and planning remain. Belgium’s preferred plan is two staged: PEPPOL-based e-invoicing
Belgian VAT code gets update Belgium is considering a range of VAT compliance updates. A draft Bill is now passing in Parliament regarding a number of measures. Also, see our Belgian VAT country guide. The updates include: New legal definition of an electronic invoice as
Standard format of Belgian VAT number updated The Banque-Carrefour des Entreprises, a database for public records, is to change the format for Belgian VAT numbers. The current structure starts with “0” and has nine further numbers to provide a unique VAT registration number for taxpayers.
Clarification of VAT treatment for NFT compared to cryptocurrencies The Belgian Federal Public Services has clarified VAT and accounting rules for Non-Fungible Tokens (NFTs). It is the latest tax office to give VAT guidance on the unique tradable digital assets – Spain NFT VAT guidance
Belgian 6% and 12% reduced VAT rates to be consolidated into new 9% rate The Belgian Finance Ministry has announced plans to combine the existing 6% and 12% reduced VAT rates into a new 9% rate. The standard VAT rate of 21% will be unchanged.
9.7% June inflation prompts 3-month extension of electricity, gas and heating VAT rate cut to 31 December 2022 As Belgian energy inflation hit 56% in June, the temporary cut in heating VAT rate was extended a further 3 months until the end of the year.
VAT returns and Intrastat filings delayed but now changes to payment deadlines Summer VAT returns and Intrastat filings may be delayed over the summer months according to the Federal Public Service. However, payments of any VAT due must still be made on time. EU One
