- Belgium is modernising its VAT system with major compliance changes starting in 2025 and a new VAT provision account effective from 1 May 2026.
- The reform aims to digitise VAT processes, simplify compliance, increase transparency, and improve VAT collection efficiency.
- Key changes from 1 May 2026 include activation of the new VAT provision account, new refund procedures, and updated bank account details for VAT payments.
- Businesses must adapt to new VAT reporting, refund, and balance management procedures, all accessible via the MyMinfin portal.
- Existing VAT credits will be automatically transferred to the new system on 30 April 2026.
Source: marosavat.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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