Unlawful VAT deduction? Late payment interest can only be imposed if the taxpayer is in a “payment position,” according to the Supreme Court!

Before 2023, the rate of late payment interest was 0.8% per month or 9.6% per year.

As from 2023, this rate has been reformed by automatically linking the rate to the statutory interest rate in tax matters, with an additional 4% (new article 91, §1, paragraph 2 of the Belgian VAT code).

Source VAT Consult

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