- Belgium Parliament passed Bill No. 55K3569001 to amend pro rata VAT deduction and specify VAT recovery procedures
- The bill includes measures to amend the non-customs warehouse exemption regime
- Taxpayers can now deduct according to the general pro rata amount or the actual allocation of goods and services
- Taxpayers are required to include their VAT identification number when issuing invoices
- Specific procedures for the recovery of VAT are specified in the bill
- Payment service providers have to meet specific requirements to combat VAT fraud.
Source: news.bloombergtax.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.
Latest Posts in "Belgium"
- Belgium’s B2B E-Invoicing Mandate: Key Deadlines and Compliance Steps for 2025-2028
- Belgium 2026 Budget: Targeted VAT Increases, E-Invoicing, and New Customs Levy Announced
- New BIC code as from 15 December 2025 for payments to government’s accounts
- Belgium and EU Plan €2 Customs Levy on Non-EU Parcels, Ending €150 Exemption by 2028
- Belgium Announces 2026-2029 Budget: VAT Changes and New Tax on Non-EU Parcels
