- Belgium’s VAT system will undergo significant changes in 2025, affecting businesses under the Belgian VAT system.
- New regulations include stricter deadlines, updated penalties for late filings, and an improved VAT provision account system.
- Businesses must adapt to these changes to avoid fines and ensure compliance with Belgian tax authorities.
- Key responsibilities include meeting new submission dates, understanding updated VAT refund procedures, and adhering to compliance measures.
- Monthly VAT returns are required for businesses with an annual turnover exceeding 2.5 million euros.
- Quarterly filings are allowed for businesses below this threshold unless specific VAT payment thresholds are exceeded.
- VAT returns must be filed by the 20th of the month following the reporting period.
- Corrective VAT returns must be submitted by the legal deadline of the original return.
- Failure to submit a VAT return within three months results in a substitute VAT return with a minimum due amount of 2100 euros.
- Deadlines are extended to the next working day if they fall on a weekend or public holiday.
- Monthly submission is required if intra-EU supplies exceed 50000 euros in a quarter.
- Quarterly submission is allowed if below the threshold.
Source: eurofiscalis.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.
