New rules for calculating the financial guarantee when a fiscal representative is appointed in Belgium for VAT purposes will apply as from 1 October 2021. The required financial guarantee, which must always be provided, will be set at 10% of the annual VAT balance due, subject to a minimum amount of EUR 7,500 and a maximum amount of EUR 1 million. Royal Decree No. 31 (Dutch | French) has been amended to reflect the new rules.
Source: Deloitte
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