UPDATE: Belgian VAT chain modernization postponed to 01/01/2025
As explained in our Tax alert of 3/04/2023, different changes to the VAT compliance chain were foreseen as from 01/01/2024. Some examples are the abolition of the VAT current account, the introduction of a new filing deadline for quarterly filers, the abolition of filing deadline tolerances and the new substitute VAT return procedure.
However, it appears that the initial entry into force date of 1 January 2024 is no longer realistic, given the IT developments that still need to be implemented within the tax authorities in order to fully and effectively implement this reform.
Therefore, the Royal Decree of 17/12/2023 uses the possibility foreseen in the law to postpone the VAT compliance chain modernization to 01/01/2025.
