- Belgium has updated its VAT compliance rules to simplify processes and improve transparency.
- Changes apply from 1 January 2025, affecting VAT filing and payment.
- Filing deadlines for quarterly VAT returns and payments are extended to the 25th day of the month following the quarter.
- Corrective VAT returns must be included in the next VAT return, not filed separately after the deadline.
- Taxpayers must respond to VAT administration requests within one month, with possible extensions.
- If a VAT return is not submitted within three months, a substitute return will be generated by the administration.
- Starting 1 May 2025, the VAT account will be replaced by a provision account for VAT credits.
- New penalties will be imposed for late or non-filing/payment of VAT returns.
- Changes to bank account numbers for VAT payments will take effect on 1 May 2025.
- MyMinfin will provide a central overview of outstanding amounts starting mid-May 2025.
- A new automatic VAT payment method will be available from 2026.
Source: bdo.global
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.
