New Reporting Tolerances for Mixed and Partial VAT Taxpayers

• Mixed and partial VAT payers in Belgium must report figures related to their deduction regime to tax authorities
• Initially, estimates had to be reported in the second quarter of 2024, but this requirement has been dropped
• Partial VAT payers now have a reduced reporting obligation, with only large companies required to provide data
• Public institutions that are partial VAT taxable persons are excluded from the reporting obligation
• Taxpayers have the choice of whether or not to take deduction limitations into account when reporting figures

Source: vat-consult.be

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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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