Impactful Changes in VAT Compliance and Procedures: New Regulations Effective from January 1, 2025.

• The reform of the VAT chain introduces new compliance and procedural measures in the field of VAT
• The new rules will come into effect on January 1, 2025, with some parts starting on February 1, 2025
• Changes include extending the deadline for quarterly VAT returns, abolishing the VAT current account, introducing a Provisional VAT account, allowing payment of VAT debts by direct debit, and changing the refund procedure
• Monthly refund procedure will apply automatically to all monthly filers, without the need for a separate application
• A replacement VAT return will be issued after 3 months of non-filing, with penalties for late payment or non-filing ranging from 5% to 15%
• Introduction of a statutory response period of one month for VAT queries, which did not exist before

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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