- Belgium will launch a new VAT provision account system on 1 May 2026, replacing the current account system to modernise tax collection.
- The new system offers centralised management via MyMinfin, new payment procedures, and updated credit recovery rules for all VAT-registered businesses.
- The holiday system is eliminated, new bank account numbers are required, and credit refunds are capped at box 72 value unless claimed through MyMinfin.
- Existing VAT credits as of 30 April 2026 will be automatically transferred if all returns are filed; otherwise, authorities will decide on refunds or offsets.
- Reforms since 1 January 2025 include extended deadlines, stricter filing rules, reduced penalties for compliant taxpayers, and faster refunds for monthly claimants.
Source: regfollower.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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