- Belgian VAT chain reform starts on 1 January 2025
- Changes affect VAT compliance, refund processes, and procedural rules
- Gradual implementation of new rules from January 2025 to 2026
- Quarterly VAT returns filing and payment deadline extended to the 25th day after the reporting period
- Monthly VAT returns deadline remains on the 20th day after the reporting period
- First application of extended deadline is for 4th quarter of 2024 returns due on 25 January 2025
- If VAT returns are not filed within 3 months, authorities will issue a substitute VAT return
- Substitute return based on the highest VAT due in the past 12 months, minimum 2,100 euro
- Taxpayers have one month to respond to substitute returns by filing the missing return
- Corrective VAT returns can only be filed if the legal deadline has not expired
- New fines for late filing or non-filing range from 100 euro to 5,000 euro depending on the infraction history
Source: kpmg.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.
