Belgium proposes to modernise its VAT compliance system
The Belgian Parliament published on 7th February 2023 a proposed bill to modernise the country’s VAT collection system with key changes to the processing of VAT returns and payments. From the introduction of a new substitute return to changes to VAT refunds, the proposed amendments would revamp the processing of VAT returns and payments in the country and create more efficiency for taxpayers and the administration. If approved, the new measures could be introduced as soon as 1 January 2024.
