- A law in Belgium introduces new requirements for mixed taxable entities calculating VAT deductions using the general pro rata method.
- These requirements will be effective from 1 January 2024.
- Taxpayers must submit a prior notification via the “e-604” online application to opt for VAT deductions based on the general pro rata method.
- Taxpayers already using this method must submit their notification before 1 July 2024.
- Taxpayers must inform VAT authorities of their provisional or final general pro rata percentage annually via Intervat.
- Partial VAT taxpayers conducting activities outside the VAT scope must also inform VAT authorities of the special pro rata they use.
Source: kpmg.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
