April 16, 2021 Belgium reduces minimum amounts for domestic VAT refunds To support the liquidity of companies in light of the ongoing COVID-19 pandemic, Belgium has officially announced a reduction of the minimum amounts for domestic value-added tax (VAT) to the level used for a VAT refund to taxable persons established in a European Union (EU) Member State other than the EU Member State of the refund. In that respect, a Royal Decree of 29 March 20211 was published in the Belgian State Monitor of 31 March 2021. The reduced minimum amounts of VAT refund will apply as from 1 April 2021 to a domestic VAT refund and are as follows:
As the measure applies as from 1 April 2021, taxpayers are eligible for a VAT refund based on the new threshold in their periodic VAT declarations for the first quarter of 2021 or in the periodic VAT declaration for March 2021. _________________________________________ For additional information with respect to this Alert, please contact the following: Ernst & Young Tax Consultants
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