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Belgium Lower House Considers Bill for Reduced VAT on Building Demolition, Reconstruction, and Heat Pump Installations

  • Belgian Chamber of Representatives considering Bill No. 55K3697001
  • Bill proposes reduced VAT rate for building demolition, reconstruction, and heat pump installations
  • Existing regimes for demolition and reconstruction to be replaced with new regime from Jan. 1, 2024
  • Reduced VAT rate to be limited to residential buildings meeting social conditions
  • Transitional measures for sale of reconstructed residential buildings until Dec. 31, 2024

Source: news.bloombergtax.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.

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