- Overview of Changes: The circular addresses amendments made by the Act of March 12, 2023, concerning the modernization of the VAT chain and tax collection, detailing updates to the VAT Code and related Royal Decrees.
- Indefinite Postponement: The implementation of the VAT modernization has been indefinitely postponed, extending the transition period beyond the original deadline of September 30, 2025, to allow for a smoother adaptation process for taxpayers.
- Key Provisions and Transitional Measures: The circular outlines submission and payment obligations, the introduction of a replacement return procedure, and the abolition of the current VAT account, replacing it with a Provisoire VAT account. Administrative tolerances are maintained to ease the transition, including deadlines for filing and penalties for late submissions.
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.
Latest Posts in "Belgium"
- Belgium Updates E-Invoicing FAQs: Invoice Date Determines B2B Electronic Format Requirements
- Belgium Updates E-Invoicing FAQ: Key Changes for 2026 Mandatory Compliance
- EU Issues Formal Notices to Belgium, France, Malta Over VAT IT System Compliance
- FAQ on E-Invoicing implementation in Belgium
- EU Opens Infringement Procedures Against Belgium, France, Malta Over Small Enterprise Scheme
