- Mixed VAT taxpayers can only reclaim a portion of their expenses and must use a “pro rata” method to determine their VAT deduction.
- They can also exercise their right to deduction based on the actual use of goods and services by submitting a notification through the MyMinfin application.
- The deadline for this notification is either June 30th or July 1st, 2023.
- Taxpayers who have been using the actual use method before December 31, 2022, and wish to continue doing so must notify their VAT office before July 1, 2023.
- A circular is expected to provide further clarification on specific cases that may or may not require a mandatory notification.
- Reporting additional data related to pro ratas has been postponed until 2024, with a tolerance policy in place for the first quarter of 2024. Sanctions may apply for non-notification.
Source VATConsult
Click on the logo to visit the website
Latest Posts in "Belgium"
- CJEU: OPR Import Duty Exemption Requires Export via Authorized Customs Office Only
- Belgium to Raise VAT Exemption Threshold for Small Businesses to €30,000 in 2026
- Meal Couriers Not Liable for VAT, Says Belgian Tax Authority: Key Points Explained
- Belgium Extends Deadline for Mandatory GKS 2.0 POS Systems in Hospitality Sector to 2026
- EGC T-397/25 (A&P Deco) – AG Opinion – VAT deduction adjustment required even with business transfer and lease
