VATupdate

Covid-19: Permanent reduction of VAT refund minimum amounts and temporary import VAT exemption of certain products

VAT refund minimum amounts are cut down to facilitate the reimbursements, and import VAT and custom duties are exempted until 30 June 2022 for certain Covid-19 dedicated products.

In the context of Covid relief measures, Belgium tax authorities announced the permanent reduction of the VAT refund minimum amount for the application via VAT return, as well as abolishment of the annual VAT prepayments. Also, as part of the temporary measures, they have also recently announced the extension of the exemption of import VAT and customs duties until the 30 June, 2022 in Belgium applicable to certain products imported for fighting Covid-19.

Source Marosa

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