Belgium: Update on VAT law amendments
The law will be generally effective as from 10 July 2021.
The law will be generally effective as from 10 July 2021.
The Belgian Parliament on 28 June 2021 passed legislation that includes amendments to the value added tax (VAT) law.
The law was published in the official gazette on 30 June 2021 and will be generally effective as from 10 July 2021.
The measures, as adopted, generally are in line with the proposed draft and include provisions regarding:
- Territorial scope to codify the consequences of the Brexit-agreements
- Deemed supplies of commercial samples and gifts of small value, commercial samples, and certain charitable food and other essential non-food products
- Exemption for independent group of persons subject to further limitations
- Exemption for collective investment funds management, to include “institutions for investments in debt securities”
- Call-off stock registers and VAT groups to allow a waiver for VAT groups from the obligation to maintain registers on the call-off stocks (and instead impose this task on the individual members of the VAT group)
- Persons entitled to VAT refund and legal basis created for VAT refund procedures whereby VAT is refunded to a person that is not entitled to the refund under the standard rules
Read a July 2021 report prepared by the KPMG member firm in Belgium
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.