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Agreement to reinstate 6% VAT rate on demolition—reconstruction of rental properties

On 20 March 2024, the Belgian minister of finance reached a political agreement within the government on a new measure to reinstate the reduced 6% VAT rate for the construction of rental housing. Parliamentary approval of the proposal is required, and once obtained, the intention is for the new measure to enter into force on the first day of the month after publication of the relevant legislation in the Belgian official gazette.

Source Deloitte


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