- 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.
