New statistical reporting obligations for large VAT Groups

From 2020, additional statistical reporting obligations apply to members of a large VAT Group, i.e. one with an annual turnover of at least EUR 15 Million reported in VAT returns. A breakdown of information contained in the VAT Group’s VAT return will have to be reported at legal entity (i.e. member) level to the National Bank of Belgium (NBB) to allow more accurate statistical accounts (Royal Decree of 11 December 2019). The first declaration through Onegate, the NBB’s electronic portal, is due by 20 April 2020 for first quarter figures.

Source Deloitte

Announcement in Belgian Official Gazette in Dutch

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