Several new VAT measures will enter into force as from 1 January 2024. A preliminary draft law containing these measures was approved by the Council of Ministers on 2 December 2022. The law was finally adopted by the Belgian Parliament on 2 March 2023.
The new measures include (i) a change in the filing deadline for quarterly VAT returns, (ii) an acceleration of the monthly VAT refund, (iii) the replacement of the VAT current account by a provision account, (iv) a provisional VAT return for taxpayers who fail to file the periodic VAT return on time and (v) a fixed term of 30 days to respond to enquiries.
The main purpose of this new legislation is the optimization and digitalization of the processing of periodic VAT returns and the collection of debts. Below we provide a brief overview of these changes.
Source: bakermckenzie.com
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