On 1 January 2025, the law modernising the VAT chain and the collection of tax and non-tax debts within the FPS Finance(external link) valid.
In the meantime, the circular(external link) about this law. The summary document of 23 December 2024 has been brought into line with this circula
- New Submission and Payment Deadlines:
- Quarterly filers must submit by the 25th of the following month, while monthly filers’ deadlines remain unchanged at the 20th.
- Payment deadlines align with submission dates, with specific provisions for weekends and holidays.
- Introduction of New Procedures and Penalties:
- Abolition of post-deadline corrective filings; errors must be corrected in subsequent filings.
- New response deadlines for information requests and introduction of substitute filing proposals if no submission is made within three months.
- Updated penalties for late submission, non-submission, and non-payment, with fines increasing progressively for repeated offenses.
- Implementation of the VAT Provision Account:
- Replaces the current account system, offering more flexibility and detailed management via MyMinfin.
- Allows for prepayments, debt settlements, and refund requests directly through the platform.
- Gradual rollout with full transition by October 2025, ensuring a smooth shift to the new system.
Source financien.belgium
