- Central Economic Council opposes harmonising lower VAT rates at 9% as part of budget planning discussions
- Current essential goods like food are taxed at 6% VAT rate which would increase under the proposal
- CEC estimates food shopping costs would rise from 106 euros to 109 euros per basket
- Low income families would be most affected as 77% of poorest households spend on unavoidable essentials
- Council warns the VAT increase could eliminate thousands of jobs while providing minimal budget benefits
Source: brusselstimes.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.
Latest Posts in "Belgium"
- Belgium Announces VAT Increases on Hotels, Leisure, Takeaway Food, and Pesticides in 2024
- Three-Month Tolerance Period for Mandatory E-Invoicing in Belgium Starting January 2026
- Access Biztax and Intervat Directly Through MyMinfin for Easier Tax Management
- Belgium Debates VAT Reform: Rate Hike, Unified Reductions, and E-Invoicing Amid Social Concerns
- VAT and excise duty rate changes confirmed for implementation on 1 January 2026
