Gradual Rollout of Revised VAT Chain Delayed to 2025: Key Changes and Updates

• The rollout of the updated VAT chain has been postponed to ensure a smooth transition.
• Key changes include extended submission deadlines for quarterly VAT returns and payments until the 25th of the following month.
• Corrected VAT returns will no longer be accepted after the legal deadline; corrections must be included in the next return.
• Responses to VAT administration inquiries must be provided within one month, with possible extensions or reductions.
• If a periodic VAT return is not submitted within three months, a substitute return will be proposed with a calculated minimum VAT amount.
• New stricter penalties will be imposed for late or non-submission/payment of VAT returns.
• The VAT refund procedure has been modified to allow monthly refund requests.
• The current VAT account will be abolished, and credits can be requested via periodic returns.
• Changes to VAT payment account numbers have been postponed, and the current account number remains in use.

Source: bdo.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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