On 23 March 2023, the law modernizing the VAT “chain” and the collection of both tax and nontax debts within FPS Finance was published in the Belgian official journal (Dutch | French). The law contains some fundamental changes to the VAT compliance and refund processes, as well as changes to the VAT procedural rules. The reform aims to increase revenue by closing the VAT gap, and is expected to come into force on 1 January 2024, but may be postponed by royal decree until 1 January 2025 at the latest.
Source: Deloitte
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