Belgium Considers Raising Standard VAT to 22% Amid Budget Reforms and Political Tensions

• Belgium is considering raising its standard VAT rate from 21% to 22% as part of budget reforms.
• Other proposed changes include unifying reduced VAT rates to 9% and expanding 0% VAT to essential goods.
• The government plans to improve VAT collection through e-invoicing and real-time reporting.
• The VAT increase would generate significant revenue but could raise living costs and burden businesses.
• The proposal is politically contentious and may be seen as regressive without support measures for vulnerable groups.

Source: meridianglobalservices.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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