- New VAT chain from January 1, 2025
- Law to modernize VAT chain and collection of tax and non-tax receivables within the FOD Finances
- Vital for FOD Finances, taxpayers, accountants, and tax advisors
- Goal is to provide more flexibility, clarity, and simplification to all stakeholders and encourage compliant behavior
- Changes for VAT-liable businesses include extended deadlines, abolition of late VAT return filing, introduction of response deadline for inquiries, introduction of substitute return proposal for non-filing, adjusted penalties, VAT provision account replacing VAT current account, simplified management via MyMinfin, adjusted rules for VAT refunds, new payment account numbers for VAT, possibility of VAT payment via direct debit
- Changes will be gradually implemented between January 1, 2025 and early 2026.
Source: financien.belgium.be
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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