Belgian VAT Desk - Chemical Industry

Chemical Industry

The Chemical industry faces a number of recurring issues for which specific VAT treatments have to be applied. Find below a list of the different problematics.

Main VAT issues faced by the Chemical Industry:

Stocks

Advanced stock: transfer of goods to a stock established in another Member State to be closer to the market targeted.
Consignment stock: transfer of goods by a consignor to a consignee where the latter is deemed to become the owner of the goods only at the moment he finds a buyer for these goods.
Call-off stock: transfer of stock to another Member State so that the (one) customer can maintain a stock for "call-off", i.e. for use and payment when they need them.

Supplies Chain

Purchases / Sales in the same Member State.
Triangular sales between 2,3,4 Member States.
Triangular sales between 2 Member States and a third State.

Role of Intermediary

Commission agent: acts on behalf and for the account of the principal.
Commissionaire: acts in his own name but by order and for the account of the principal.

Re-invoicing of costs

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