- The reduced VAT rate of 6% for demolition and reconstruction will continue to apply in Belgium, but only to builders and homes that are completely demolished and rebuilt.
- The scheme will be permanent and applicable nationwide, but there are conditions, such as the home being the sole residence and not exceeding 200 square meters.
- Property developers will no longer qualify for the measure from January 1, 2024. Transitional measures will be provided until the end of 2024 for projects already underway.
- The sale of homes rebuilt after demolition will no longer qualify for the reduced VAT rate from next year.
Source
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