New declaration for selling property with 6% VAT must be submitted by June 30, 2024!

• New declaration for sales with 6% VAT must be submitted by June 30, 2024
• Circular and FAQ list provide more information on the new permanent demolition and reconstruction scheme
• Transitional measure allows 6% rate to be applied in 2024 for sales of homes if permit application was submitted before July 1, 2023
• A new declaration must be submitted in 2024 to apply the reduced VAT rate for sales where VAT is already due
• Sellers and buyers must sign a new joint declaration for the application of the reduced VAT rate
• If unable to obtain a new signed declaration from the buyer, the original signed declaration can be used for the new application.

Source: tiberghien.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.

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