- The entry into force of the law to modernize the VAT system in Belgium has been postponed.
- The changes brought about by the adoption of this bill include a new deadline for filing quarterly VAT returns, abolition of the current account for VAT refunds, a new procedure for refunding VAT credit, a proposal for a substitute VAT return, and a shorter deadline for replying to the tax authorities.
- The reform will now come into force on January 1, 2025, instead of the initially announced date of January 1, 2024.
Source: asd-int.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.
