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Tag: Bank guarantee

Increase Belgian VAT registration bank guarantee obligations

Increase Belgian VAT registration bank guarantee obligations

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Belgium has increased(Royal Decree nr. 31) the financial guarantees required on non-EU (‘third-country’) businesses with a local non-resident VAT registration. Typically, this includes appointing a Fiscal Representative unless the third-country has a mutual assistance agreement with the EU (e.g. Norway and the UK). Existing Non-EU

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