A new building is treated differently for VAT purposes than an old building, which is why it is important to determine whether a building is old or new. For a new construction, this is not difficult. For existing buildings that are being upgraded, it is not always easy to determine if the works are to be seen as a simple renovation or a transformation into a new building.
Source VATconsult
Latest Posts in "Belgium"
- VAT Provisional Account Replaces Current Account from May 1, 2026: Key Changes for Businesses
- Belgium Launches Next Phase of VAT Chain Modernization Effective May 1, 2026
- Belgium to Launch VAT Provision Account, Replacing Current System from May 2026
- Advocate General: VAT Exemption for Credit Management Applies Only to Current, Not Original, Lender
- Belgian VAT Chain Modernisation: New System and Rules Effective from 1 May 2026













