- Reduced VAT rate of 6% on demolition and reconstruction in Belgium extended until end of June 2025
- Decision unanimously approved by Finance Committee of Belgian Chamber
- Background on previous schemes for reduced VAT rate
- New permanent scheme with social conditions introduced as of January 1, 2024
- Transition scheme for 32 cities measure and sale of rebuilt homes to end in late 2024
- Legislative proposal to extend transitional scheme until end of June 2025 unanimously approved by Finance Committee
- Extension provides relief for builders, contractors, and developers to complete projects without additional costs
Source: VATconsult
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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.
