New rules for calculating the financial guarantee when a fiscal representative is appointed in Belgium for VAT purposes will apply as from 1 October 2021. The required financial guarantee, which must always be provided, will be set at 10% of the annual VAT balance due, subject to a minimum amount of EUR 7,500 and a maximum amount of EUR 1 million. Royal Decree No. 31 (Dutch | French) has been amended to reflect the new rules.
Source: Deloitte
Latest Posts in "Belgium"
- Belgium Abolishes Annual Advertising Tax Effective January 2026 Under Cost Reduction Act
- Belgium Announces Targeted VAT and Excise Duty Changes for 2026-2029 Budget Period
- Belgium revises the VAT adjustment period following Drebers: 15 years for durable renovation works from 2026
- Belgium Grants Three-Month Tolerance Period for Mandatory E-Invoicing Starting January 2026
- New VAT Rates for Takeaway Meals and Leisure Sector Effective March 1, 2026
