- The tax authority has abolished the “summer regime” for late VAT filings, but said it will not fine late submissions during that period.
- Late payment interest still applies, so taxpayers owing VAT should keep enough funds on their VAT provision account.
- VAT returns showing a refund position are still treated as late in the system, meaning the refund is not paid directly but credited to the VAT provision account.
- As a result, refunding taxpayers may have to wait longer for their money, and for the next six months they cannot request refunds through the VAT return.
- Taxpayers moving from refund to payment positions should closely monitor when credits are posted and top up the provision account if needed.
Source: vat-consult.be
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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