- Approval of VAT Reform: The Council of Ministers approved, in its second reading, a draft Royal Decree proposed by Finance Minister Jan Jambon, aimed at reforming certain VAT rates as part of the multi-annual budget agreement.
- Key VAT Rate Increases: The reform includes increasing the VAT rate for pesticides and phytopharmaceutical products from 12% to 21%, as well as raising the VAT rate for furnished accommodation services and camping spaces from 6% to 12%.
- Next Steps: The draft Royal Decree, which amends Royal Decree No 20 of July 20, 1970, will be submitted to the King for signature to formalize the VAT rate changes.
Source News.belgium.be
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