- Approval of VAT Reform: The Council of Ministers approved, in its second reading, a draft Royal Decree proposed by Finance Minister Jan Jambon, aimed at reforming certain VAT rates as part of the multi-annual budget agreement.
- Key VAT Rate Increases: The reform includes increasing the VAT rate for pesticides and phytopharmaceutical products from 12% to 21%, as well as raising the VAT rate for furnished accommodation services and camping spaces from 6% to 12%.
- Next Steps: The draft Royal Decree, which amends Royal Decree No 20 of July 20, 1970, will be submitted to the King for signature to formalize the VAT rate changes.
Source News.belgium.be
Latest Posts in "Belgium"
- Belgium Postpones Controversial VAT Reform After Government Turmoil and Council of State Rejection
- Belgian e-Invoicing is Live: Early Lessons from the First Weeks in Practice
- EPPO Uncovers €11.3M Customs Fraud in Antwerp Steamboat Probe; Three Arrested
- Belgian Court Clarifies Criminal Liability for Customs Representatives and Inventory Discrepancies
- Federal Government Delays VAT Hike on Culture, Sport, and Takeaway Meals Until March Review
