- The EU General Court ruled in Case T-397/25 (A&P Deco) that Belgian VAT adjustment rules apply after a business transfer.
- If a business is transferred as a going concern and the transferor then leases the immovable property to the transferee under a VAT-exempt lease, the transferor must still adjust previously deducted input VAT.
- This clawback applies to VAT on the property’s acquisition, construction, renovation, or improvement.
- The fact that the transferee continues using the premises for taxable activities does not remove the transferor’s adjustment obligation.
Source: news.bloombergtax.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.
Latest Posts in "Belgium"
- Belgium Opens Optional BE SAF-T Upload Channel for Tax Audits
- Belgium adopts first-stage ViDA bill covering OSS, e-commerce and call-off stock
- Belgium advances first ViDA law on OSS, e-commerce and VAT technical changes
- Belgium: How to Dispute a Peppol Invoice on Time
- New VAT status for “intermunicipal associations” | Impact of the European “Digipolis” judgment on Belgian VAT rules
