- Royal Decree in Belgium outlines changes to VAT rules effective from 1 January 2025
- Direct debit payments now an option for VAT registered taxpayers
- Failure to file VAT return will trigger automated assessment and penalty
- Penalty for not filing VAT return can range from EUR 500 to EUR 5,000
- Monthly VAT return filers can now receive VAT refund on a monthly basis
- VAT current account system will be replaced by VAT provision account system
- Filing deadlines for special and quarterly VAT returns will be aligned to 25th of the month following reporting period
Source: essentiaglobalservices.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.
