- Belgium has three main VAT rate categories: standard (21%), reduced (12% and 6%), and zero VAT rate. Understanding these rates is crucial for businesses to apply them correctly and avoid compliance issues.
- VAT registration in Belgium is compulsory for businesses exceeding certain thresholds, and the registration process can be completed online.
- Belgian VAT compliance involves adhering to invoicing requirements, filing VAT returns, and understanding special VAT rules and declarations such as Intrastat Declarations, EC Sales Lists, and Import VAT Deferment.
- Invoicing requirements include specific information such as seller’s and buyer’s details, invoice number, date of issue, VAT number of supplier, description of goods or services, quantity, unit price, applicable VAT rate, and VAT amount.
- Filing VAT returns is an essential part of Belgian VAT compliance, with most companies required to submit returns on a monthly basis.
- Belgium has numerous special VAT rules and declarations, including the Intrastat Declaration, EC Sales List, and Import VAT Deferment.
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