- VAT-registered businesses in Belgium will receive facilities during the summer vacation of 2024
- Deadlines for submitting VAT returns and intra-Community listings will be extended
- Exceptions apply to holders of monthly VAT refunds and beneficiaries of accelerated monthly VAT refunds
- VAT returns must be submitted by specific dates to receive credit refunds
- Intra-Community listings must also be submitted by specific dates
- Payments for due VAT must still be made by normal due dates to avoid late payment interest
- Late payment interest is calculated at an annual rate of 8% on the owed amount
- Available credit balance in the taxpayer’s current account can be used to reduce the payment amount due
- Tax credit refunds at the end of July should not be considered as available for reducing payments
Source: vat-consult.be
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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.
