The Belgian Ministry of Finance has published Circular 2022/C/45 of 2 May 2022 on the extension of the reduced VAT rate for the demolition and reconstruction of housing throughout the Belgian territory. The Circular concerns the 6% VAT rate for demolition and reconstruction of residential buildings that was originally provided from 1 January 2021 to 31 December 2022 and has been extended to 31 December 2023. The Circular notes that the extension was provided considering, in particular, the need for energy-efficiency improvements in Belgium’s aging housing stock in light of Belgium’s need for energy supply independence in the long term. It is also noted that the extension does not change the terms of the original measure.
Source Orbitax
