On 1 September 2023, the Belgian VAT authorities issued Circular 2023/C/72 updating the VAT treatment of company cars provided by foreign employers to employees living in Belgium. With retroactive effect as from 1 July 2021, these cross-border supplies may be treated as the hiring of a means of transport for consideration, subject to certain conditions, with potential Belgian VAT implications for the foreign employers. Organizations providing company cars to Belgian-resident employees may wish to assess whether their vehicle policies are within the scope of these new rules and take the necessary action where appropriate.
Source: taxathand.com
Latest Posts in "Belgium"
- Belgium Raises Small Business VAT Exemption Threshold to €30,000 Pending Parliamentary Approval
- Belgium Raises VAT Exemption Threshold for Small Businesses to EUR 30,000
- Belgium Sets May 1, 2026, as Effective Date for VAT Chain Reform Measures
- NCTS Phase 6 Opt-Out Goes Live April 1, 2026: Key Changes and Technical Impacts
- Belgium Implements VAT Exemption for Small Businesses and Mandates B2B E-Invoicing from 2026
