- Royal Decree No. C-2024/009309 was published in the Belgian Official Gazette on Oct. 23
- The decree partially transposes EU Directive 2006/112/EC on the common system of VAT
- Measures in the decree include replacing current VAT accounts with the VAT Provision Account
- Taxpayers can manage VAT credits and obtain full or partial credit refunds
- Monthly reimbursement of credits is allowed for monthly filers
- Filing deadlines for special and quarterly VAT returns are aligned to the 25th of the month following the relevant period
- An automated management process for unsubmitted periodic VAT returns is implemented
- Bank direct debit is added as a VAT payment option
- The fiscal fine structure for failure to file is changed from 1,000 euros per infringement to 500 euros to 5,000 euros per return
- The decree generally enters into force on Jan. 1, 2025.
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.
