- The modernization of the VAT chain and collection of tax and non-tax debts in Belgium has been delayed until January 1, 2025.
- The law of March 12, 2023, regulates this modernization and includes the introduction of a VAT commission account for easier management by VAT payers.
- The law also allows for a substitute VAT declaration to be drawn up for non-compliant VAT payers and for quicker entry of VAT debt into a collection and recovery register.
- These measures aim to make life easier for compliant VAT payers and compensate for non-compliance.
- However, a royal decree can set a later date of entry into force, which cannot be later than January 1, 2025.
- The government will prepare a royal decree to postpone the implementation of the new VAT chain to allow for efficient and effective implementation.
Source: vatsquare.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.
