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