- Belgium MOF announced proposed amendments for VAT reduction on demolition and reconstruction of buildings
- Proposed amendments to expand scope of VAT reduction rate effective June 1
- Measures include applying 6% VAT rate to real estate works involving demolition and joint reconstruction of residential buildings for long-term rentals
- Reduced VAT rate to be applied on properties rented for at least 15 years
- Excludes supply of new housing from scope of reduced VAT rate
- Transitional measure provided for unfinished projects starting prior to June 1.
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"
- Webinar pincvision: Belgium eInvoicing – All You Need to Know (Oct 2)
- Understanding B2C Invoice Terms: Legal Requirements and Best Practices for 2025
- Essential B2B Invoice Terms: Navigating Peppol and Legal Requirements in Belgium 2025
- Belgium Launches New E-Invoicing Guidance for 2026, Updates VAT Compliance and Penalty Regime
- VAT Consult – Up to Date with VAT – 4 sessions in Belgium
