Additional delay for payment of withholding tax and VAT
Deputy Prime Minister and Minister of Finance Alexander De Croo has instructed the FPS Finance to grant an additional extension for the payment of withholding tax and VAT for the month of April. This additional postponement is added to the postponement for the month of March, which has already created a liquidity buffer of 4.5 billion euros for self-employed persons and companies.
Alexander De Croo: “Many Belgian companies have been hard hit by the fight against the corona virus. In March we had already decided to grant an additional payment extension for withholding tax and VAT. Given that the strict measures continue in April, I have decided to grant an extra extension for April.
Specifically: the payment terms for VAT and withholding tax are extended by 2 months . Postponement of payment means that you can pay later and that the tax authorities collect no interest on late payments and no fines. If this additional postponement is not sufficient, companies can agree on additional payment modalities with the FPS Finance, such as a payment plan and request the non-application of default interest.
The payment deadlines are:
- for withholding tax: July 15, 2020
- for VAT: July 20, 2020
Source Alexander Decroo
Already decided before (see www.vatupdate.com
- Payment – February 2020 VAT return: until 20 May 2020
- Payment – March 2020 VAT return: until 20 June 2020
- Payment – Q1 2020 VAT return: until 20 June 2020
Source Fisconet – 19.04.2020 – Special Powers Decree No 7 on additional support measures
