- Belgium extended reduced VAT rate to property renovations to boost investment in rental property
- Reduced 6% VAT rate now applies to demolition and reconstruction projects for rental market
- Finance minister Vincent Van Peteghem announced the extension
- Belgium’s standard VAT rate is 21%
- Goal is to address decrease in rental properties and investment in new construction
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.
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