VATupdate
Brugge

Tighter guarantee rules for VAT registrations of foreign taxpayers

  • The new legislation sets the guarantee as a necessary obligation and sets the amount at 10% of the VAT due for a 12 month period.
  • The guarantee amounts are set with a minimum of  EUR 7.500 and a maximum of EUR 1 million.

Source: globalvatcompliance.com

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