- Import VAT in Belgium requires pre-financing of taxes
- Belgium has a postponed accounting system for import VAT to avoid pre-financing
- Conditions must be met and procedures followed to apply the postponed accounting system
- Obtaining the license takes about a month and is valid from the date it is granted
- Revocation of the license can occur if transactions are not reported on VAT returns
- Managing cash flow is important due to VAT system’s impact
- Companies importing goods into Belgium should consider VAT exemptions and registration
- Check conditions for applying postponed accounting or deferred payment of import VAT in Belgium.
Source: vatdesk.eu
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.
