- Belgium is proposing a change to the VAT adjustment period for immovable business assets following a CJEU judgment.
- The current system uses a five-year period for general business assets, 15 years for immovable assets, and 25 years for buildings under the optional VAT lease regime.
- The draft law removes the criterion of a building becoming “new” after works to determine the adjustment period.
- Instead, the 15-year (or 25-year) period will apply to services with characteristics comparable to immovable business assets, regardless of whether the building is considered “new.”
Source: kpmg.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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