- Belgium’s VAT record-retention period is reinstated at 7 years, replacing the 10-year rule introduced in 2022.
- The VAT limitation period for fraud cases is also restored to 7 years, instead of 10 years.
- When using the extended fraud limitation period, the VAT authorities must give prior written notice of the fraud indications in a sufficiently precise way.
- This stricter notification rule was reinstated after being relaxed in 2023; noncompliance may affect the validity of the assessment.
- The new 7-year regime applies to VAT becoming chargeable from 1 January 2023.
Source: rsm.global
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.
Latest Posts in "Belgium"
- Brussels Signals “Last Extension”: Italy’s VAT Split Payment Set to Run Until June 2029
- Balance on the Special VAT Account — Functioning of the Belgian VAT Recovery and Enforcement Mechanism
- Balance of the Special VAT Account and Refund Options
- Technical Issue Affecting Allocation of Certain VAT Payments
- Fiscal Requirements Updates and Changes in Fiscalization Systems Across Europe – Belgium
