Belgium revises VAT penalties

August 9th, 2018

Belgium has overhauled its VAT penalty regime to make it less onerous for overdue filings. Its new regime was implemented from 1 August 2018, and has been applied retrospectively to 1 Jan. The old regime imposed a fine on late VAT return filings of €100 per filing per month. Plus interest charge on any VAT …


Belgium VAT update

June 12th, 2018

The Belgian government has proposed to parliament a number of VAT changes. These include: Free, charitable gifts of foods are to be VAT exempted The range of company types eligible for the flat rate scheme is to be limited from 2020 VAT registered businesses using the special scheme are not eligible for the reverse charge on …


VAT Reporting update 18.4.1

May 1st, 2018

Overview This release is a maintenance release of the VAT Reporting application for the month April. It includes changes to reports, modifications and bug fixes. Main changes in Reports Spain – Immediate Filing (SII) We have started to implement changes to support filing of SII V1.1, which will be available from 1st July 2018. Please …


Belgian Gaming VAT struck down

April 1st, 2018

Belgian courts have struck down legislation to levy VAT on consumer online gaming and gambling services. The extension of the Belgian VAT net was introduced in 2016, but was found to conflict on fiscal neutrality grounds with taxes on other, non-online gambling such as lotteries and in-shop betting. The Constitutional Court found in favour of Swedish gaming …


Belgium scraps quarterly prepayments

February 11th, 2017

Belgium is to withdraw the obligation on quarterly VAT filers to pay prepayments on their VAT liability. Small businesses may at present opt to file only quarterly in Belgium as opposed to the regular monthly filing requirements.  However, they are required to make regular advance payments against their liabilities.  This is calculated as one third …


Belgium 6% e-book VAT

July 24th, 2016

Belgium is looking to reduce the VAT rate on electronic books from its standard rate of 21% to the reduced rate of 6%. Its Parliamentary Committee for Finance last week agreed to lower the rate, and syncronise its printed and e-book rates. In 2015, the European Court of Justice ruled that all member states must …


Belgium VAT online betting July 2016

June 5th, 2016

Belgium is to make online betting subject to 21% VAT from 1 July 2016. Under the EU VAT Directive, member states are no obliged to charge VAT on betting or games of chance for cash or prizes. Many countries instead chose to levy betting taxes instead, which enables a wider scope for rates and higher …


Belgium VAT registration threshold rise 2016

September 14th, 2015

Belgium has proposed raising its VAT registration threshold from €15,000 to €25,000. The new Belgian VAT level will come into force on 1 January 2016. The change applies to Belgian resident companies. Non-resident companies selling in Belgium, and obliged to Belgium VAT register, still face a nil VAT registration threshold. Other EU VAT registration thresholds …