Belgian VAT Desk

Recent regulations changes:

• VAT package:  The rules of  localization of supply of services will be deeply modified.For example, a transport company realizing national transports on Belgian soil might no longer need its VAT number.
• Monthly reimbursment: Part of the economic package designed to cope with the crisis, a request can now be introduced towards the administration under certain conditions in order to obtain monthly refunds of VAT credits instead of quarterly.
• Reduced rate: Also part of the economic package, the reduce rate application is now extended under certain conditions in certain sectors , notably the construction sector.
• Simplified obligations for events organizers: Foreign organizers operating in Belgium can now submit annual or bi-annual VAT returns under certain conditions.
• Electronic VAT return mandatory: All VAT returns must be submitted electronically.

As you can see, certain measures are meant to ease the pressure on businesses. The current system already offered a number of optimizations possible. Though often neglected, they could result in cash flow improvement.

Generalities:

VAT registration status differs depending on whether a foreign company operates from within a European Union state or not.

Businesses established in the EU will be entitled to register either:

• Directly (without a fiscal representative)
• Through the appointment of a local fiscal representative

Businesses established outside the EU will need to employ the services of a local fiscal representative, through which a VAT registration may be obtained.

In addition to the VAT registration facility available to foreign enterprises, Belgian VAT Desk , is qualified to handle all VAT related issues of foreign companies that carry out commercial activities in Belgium

Our services include:

• Administrative assistance in making a Belgian VAT registration application.
• Maintaining VAT accounting records (sales and purchase ledgers processing).
• Completing and filing VAT returns, when required.
• Reporting the EC sales listings, quarterly.
• Extracting the annual list of customers.
• Completing and submitting the "Intrastat" return.
• Assisting at audits conducted by the Belgian VAT authorities.

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