VATupdate

Tolerance for donations to Ukraine

In view of the dramatic situation in Ukraine, the Belgian Tax Authorities announced a temporary tolerance regarding the VAT consequences of donations to Ukrainian citizens (see: NL / FR). Accordingly, businesses that donate goods which are normally intended for sale, will not have to adjust their VAT deduction related to these goods. To prevent abuse, the donations must be made via designated institutions and meet some other criteria, as elaborated on the website of the Belgian Tax Authorities (see NLFR).

Source KPMG

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