EU approves Belgium’s rise in registration threshold to €15,000
The Belgian Ministry of Finance has confirmed that the resident VAT registration threshold will rise from €5,580 to €15,000 turnover per annum. This follows the approval of the November 2013 request to the European Commission for a change to Belgium’s derogation.
New Belgian VAT registration 1 April 2014
The increase registration threshold comes into effect on 1 April 2014. I number of supplies cannot benefit from the increased threshold, including:
- New cars
- Real estate sales
- Second hand goods