- The implementation of the VAT chain reform has been postponed again, with the new target date set for October 1, 2025.
- The reform introduces new compliance and procedural measures for VAT taxpayers.
- The deadline for quarterly filers to submit and pay VAT returns will be extended from the 20th to the 25th day of the month following the reporting period.
- Administrative tolerances regarding the submission and payment of VAT returns will be maintained, including the holiday rule for June, July, and the second quarter.
- The deadline for submitting and paying VAT returns will be extended to the next working day if it falls on a Saturday, Sunday, or public holiday, but only for monthly filers after October 1, 2025.
- Corrections of material errors in VAT returns can only be made before the end of the reporting period or in the next VAT return after the error is detected.
- A substitute VAT return will be automatically generated after three months if a taxpayer fails to submit their periodic VAT return.
- The MyMinfin Account platform will be available in the second half of 2025, allowing taxpayers and their advisors to view all balances and payments due to the Federal Public Service Finance.
Source: tiberghien.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.
