VAT

VAT: New VAT regime for incorporated company directors and liquidators postponed till 1 January 2016

Further to our previous alert on the new VAT regime for incorporated company directors and liquidators (click <a href="https://news.pwc.be/vat-incorporated-company-directors-liquidators-subject-nor … more

Wouter-Villette-2

Further to our previous alert on the new VAT regime for incorporated company directors and liquidators (click <a href="https://news.pwc.be/vat-incorporated-company-directors-liquidators-subject-nor … more

VAT : incorporated company directors and liquidators subject to normal VAT rules

Services rendered by incorporated company directors and liquidators will be subject to VAT as from 1 January 2015. This stems from the fact that the former tolerance to opt for non-taxation will be … more

Wouter-Villette-2

Services rendered by incorporated company directors and liquidators will be subject to VAT as from 1 January 2015. This stems from the fact that the former tolerance to opt for non-taxation will be … more

Court of Appeal: VAT reverse charge – Penalties

A recent court case of the Brussels Court of Appeal again shows how expensive it can be for businesses not to apply the reverse charge and thereby not self-account for the VAT due on incoming invoices. <p dir="L … more

Wouter-Villette-2

A recent court case of the Brussels Court of Appeal again shows how expensive it can be for businesses not to apply the reverse charge and thereby not self-account for the VAT due on incoming invoices. <p dir="L … more

Transfer of own goods between VAT warehouses

The Belgian VAT authorities recently published a new administrative decision (applicable as from 1 September 2014) stating that the transfer of own goods from one VAT warehouse to another can, under certain … more

Christoph Zenner

The Belgian VAT authorities recently published a new administrative decision (applicable as from 1 September 2014) stating that the transfer of own goods from one VAT warehouse to another can, under certain … more

VAT group: head office/branch transactions – Skandia CJEU case

On 17 September 2014, the Court of Justice of the European Union (CJEU) rendered its decision in Skandia America Corporation (case C-7/13) regarding the question whether transactions between a head office an … more

Christoph Zenner

On 17 September 2014, the Court of Justice of the European Union (CJEU) rendered its decision in Skandia America Corporation (case C-7/13) regarding the question whether transactions between a head office an … more

ECJ Decision (K Oy): VAT rate for non-printed books

On 11 September 2014, the Court of Justice of the European Union (ECJ) gave its decision in K Oy (case C-219/13) regarding the question whether reduced rates for books published in paper form should equally … more

Christoph Zenner

On 11 September 2014, the Court of Justice of the European Union (ECJ) gave its decision in K Oy (case C-219/13) regarding the question whether reduced rates for books published in paper form should equally … more

OECD releases global standard for automatic exchange of tax information

Starting in 2012, political interest has increasingly focused on the opportunities provided by an automatic exchange of information between tax authorities. On 6 September 2013, the G20 Leaders committed to t … more

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Starting in 2012, political interest has increasingly focused on the opportunities provided by an automatic exchange of information between tax authorities. On 6 September 2013, the G20 Leaders committed to t … more

VAT: Practice note – Retention of documents

The Belgian Income Tax and VAT authorities recently published a combined practice note commenting on the alignment of the Income Tax and VAT procedures as regards the retention of documents. What is … more

Christoph Zenner

The Belgian Income Tax and VAT authorities recently published a combined practice note commenting on the alignment of the Income Tax and VAT procedures as regards the retention of documents. What is … more

VAT : Opening right to deduct VAT for free supplies

The Belgian VAT Administration recently published a new administrative decision allowing a full VAT deduction for the provision for free of a kitchen infrastructure and some related periodical cost … more

Wouter-Villette-2

The Belgian VAT Administration recently published a new administrative decision allowing a full VAT deduction for the provision for free of a kitchen infrastructure and some related periodical cost … more

Court of Appeal ruling on travel services provision may affect your VAT position

The Brussels Court of Appeal recently ruled that non-travel agent businesses may be classified as travel agents for VAT purposes if a substantial part of the services they perform relate to tr … more

Wouter-Villette-2

The Brussels Court of Appeal recently ruled that non-travel agent businesses may be classified as travel agents for VAT purposes if a substantial part of the services they perform relate to tr … more

Foreign EU VAT refunds for 2013 require action

Businesses that incurred VAT on business expenditure in the EU may be able to recover this VAT provided they apply the right procedures and comply with the deadlines of 30 June 2014 for non-EU bus … more

Christoph Zenner

Businesses that incurred VAT on business expenditure in the EU may be able to recover this VAT provided they apply the right procedures and comply with the deadlines of 30 June 2014 for non-EU bus … more

Real Estate – VAT : Administration denounces artificial split of transactions in important renovation projects – application of 6% reduced VAT rate and more at stake !

For years, certain promotors have been marketing reconstruction or heavy renovation projects at a 6% reduced VAT rate. With <a title="Fisconet" href="http://ccff02.minfin.fgov.be/KMWeb/document.do?m … more

Wouter-Villette-2

For years, certain promotors have been marketing reconstruction or heavy renovation projects at a 6% reduced VAT rate. With <a title="Fisconet" href="http://ccff02.minfin.fgov.be/KMWeb/document.do?m … more

Parliamentary question clarifies whether (for direct tax purposes) “small tools, small equipment and stationary” should be considered as an investment or an immediate expense.

Recently, the minister of Finance answered a Parliamentary question regarding “small equipment, small tools and stationary”, i.e. whether for direct tax purposes, … more

Philippe Vanclooster

Recently, the minister of Finance answered a Parliamentary question regarding “small equipment, small tools and stationary”, i.e. whether for direct tax purposes, … more

Belgian VAT authorities publish new VAT practice note

The Belgian VAT administration has recently published a new VAT practice note n°14 /2014 dated 4 April 2014 (E.T. 120.000) on (electronic) invoicing. Said VAT practice note is retroactively applicable as … more

Ine Lejeune

The Belgian VAT administration has recently published a new VAT practice note n°14 /2014 dated 4 April 2014 (E.T. 120.000) on (electronic) invoicing. Said VAT practice note is retroactively applicable as … more

PwC announces publication of study on EU Customs Union

We are pleased to inform you that PwC has conducted a study for DG TAXUD on the Evaluation of the Customs Union during the period 2012 – 2013. The study includes an analysis and evaluation of the EU Cus … more

Ine Lejeune

We are pleased to inform you that PwC has conducted a study for DG TAXUD on the Evaluation of the Customs Union during the period 2012 – 2013. The study includes an analysis and evaluation of the EU Cus … more

Latest VAT developments in Belgium for 2014

Further to the number of different VAT changes that have taken place in Belgium, we thought it important to provide you a short recap of all recent VAT developments that have come into force as from 2014 and … more

Ine Lejeune

Further to the number of different VAT changes that have taken place in Belgium, we thought it important to provide you a short recap of all recent VAT developments that have come into force as from 2014 and … more

Update on recent VAT developments in Belgium

At the end of each calendar year, a number of important decisions that could have an influence on the VAT situation of your business are usually taken by government officials. Therefore please find bel … more

Ine Lejeune

At the end of each calendar year, a number of important decisions that could have an influence on the VAT situation of your business are usually taken by government officials. Therefore please find bel … more

Transitional regime extended for the year 2014 & Opening of infrindgement procedure against Italy

Belgian VAT Tax point rules: extension of the transitional regime by one year Based on the implementation of the Invoicing Directive 2010/45/EU in Belgium, the issuance of an invoice prior to a taxable event is no longer considered as a tax point for Belgian VAT purposes as of 1st Jan … more

Ine Lejeune

Belgian VAT Tax point rules: extension of the transitional regime by one year Based on the implementation of the Invoicing Directive 2010/45/EU in Belgium, the issuance of an invoice prior to a taxable event is no longer considered as a tax point for Belgian VAT purposes as of 1st Jan … more

Major change in customs duties as of 1 January 2014

In the course of the past months, we had the opportunity to draw your attention to a major change to customs duties applicable in the EU as from 1 January 2014. Today, (three weeks from the deadline) we once … more

Wouter-Villette-2

In the course of the past months, we had the opportunity to draw your attention to a major change to customs duties applicable in the EU as from 1 January 2014. Today, (three weeks from the deadline) we once … more

All lawyer fees subject to VAT as of 1 January 2014 – New practice note published

The Act of 30 July 2013 (NL/FR) confirmed the removal of the Belgian VAT exemption for services of lawyers with effect from 1 January 2014. As a result, VAT has to be applied to all fees and costs charged for … more

Ine Lejeune

The Act of 30 July 2013 (NL/FR) confirmed the removal of the Belgian VAT exemption for services of lawyers with effect from 1 January 2014. As a result, VAT has to be applied to all fees and costs charged for … more

Directive proposal for a common EU standard VAT return

We are pleased to inform you that the European Commission adopted the proposal for a Directive introducing a standard VAT return. The adopted proposal is based on the PwC expert study on the feasibility and impact of a standard VAT return, published on the <a href="http://ec.europa.eu/taxation_customs/common/publications/studies/index_ … more

Ine Lejeune

We are pleased to inform you that the European Commission adopted the proposal for a Directive introducing a standard VAT return. The adopted proposal is based on the PwC expert study on the feasibility and impact of a standard VAT return, published on the <a href="http://ec.europa.eu/taxation_customs/common/publications/studies/index_ … more

Recent VAT developments in Italy & Germany

 Italy: Increase in the standard VAT rate from 21% to 22% As from 1st October 2013, the standard VAT rate in Italy has increased from 21% to 22%. The new VAT rate of 22% is applicable to transactions for which the tax point occurs as of 1st October 2013. Transaction … more

Ine Lejeune

 Italy: Increase in the standard VAT rate from 21% to 22% As from 1st October 2013, the standard VAT rate in Italy has increased from 21% to 22%. The new VAT rate of 22% is applicable to transactions for which the tax point occurs as of 1st October 2013. Transaction … more

Belgian VAT changes – Pharma sector

1. Fees paid to ethical committees: same VAT treatment as clinical trials Research work (including but not limited to clinical trials) performed by Belgian doctors and / or hospitals for consideration for Belgian pharmaceutical companies is, as a general rule, subject to Belgian V … more

Ine Lejeune

1. Fees paid to ethical committees: same VAT treatment as clinical trials Research work (including but not limited to clinical trials) performed by Belgian doctors and / or hospitals for consideration for Belgian pharmaceutical companies is, as a general rule, subject to Belgian V … more

VAT Flash: Political agreement – Ecofin Council – B2C

We are happy to announce that the Ecofin Council (“ECOFIN”) reached political agreement on the proposal for a VAT Implementing Regulation as regards the place of supply of services (including B2C 2015) in a meeting in Luxembourg last Friday 21 June. Furthermore, a package of two anti-VAT fraud measures was adopted without discussion: a Quick […]

Ine Lejeune

We are happy to announce that the Ecofin Council (“ECOFIN”) reached political agreement on the proposal for a VAT Implementing Regulation as regards the place of supply of services (including B2C 2015) in a meeting in Luxembourg last Friday 21 June. Furthermore, a package of two anti-VAT fraud measures was adopted without discussion: a Quick […]

VAT on Advance Invoices

Further to a recent answer by the Minister of Finance, Mr. Koen Geens, to a parliamentary question raised by Miss Veerle Wouters, published on 24 of April 2013, the Minister has stated that its administration will soon be publishing the final rules on when Belgian VAT will fall due on, and how companies in Belgium […]

Ine Lejeune

Further to a recent answer by the Minister of Finance, Mr. Koen Geens, to a parliamentary question raised by Miss Veerle Wouters, published on 24 of April 2013, the Minister has stated that its administration will soon be publishing the final rules on when Belgian VAT will fall due on, and how companies in Belgium […]

Guidance from the Belgian VAT Authorities with respect to the new rules on invoicing

Further to our ITX Newsflash of 21 December 2012, we are pleased to inform you that the Belgian VAT authorities have published further guidance on the new invoicing rules. Practice note 2/2013 provides further insight on the changes to the Belgian VAT Code as a result of the Act of 17 December 2012. It combines […]

Ine Lejeune

Further to our ITX Newsflash of 21 December 2012, we are pleased to inform you that the Belgian VAT authorities have published further guidance on the new invoicing rules. Practice note 2/2013 provides further insight on the changes to the Belgian VAT Code as a result of the Act of 17 December 2012. It combines […]

Update: VAT invoicing

The Act implementing the Invoicing Directive 2010/45/EU has been published in the Belgian Official Gazette. The invoicing Directive 2010/45/EU is based on the study PwC has carried out for the European Commis … more

Philippe Vanclooster

The Act implementing the Invoicing Directive 2010/45/EU has been published in the Belgian Official Gazette. The invoicing Directive 2010/45/EU is based on the study PwC has carried out for the European Commis … more

Update: VAT & company cars

With more than a year having passed since administrative VAT decision ET.119.650, the Minister of Finance announced that the VAT authorities will publish shortly the long-awaited VAT addendum stipulating how … more

Philippe Vanclooster

With more than a year having passed since administrative VAT decision ET.119.650, the Minister of Finance announced that the VAT authorities will publish shortly the long-awaited VAT addendum stipulating how … more

Invoicing 2013 – Chargeable event: transitional measures for 2013

We are pleased to inform you that today, the Act implementing the Invoicing Directive 2010/45/EU has been published in the Belgian Official Gazette.  Invoicing Directive 2010/45/EU is based o … more

Ine Lejeune

We are pleased to inform you that today, the Act implementing the Invoicing Directive 2010/45/EU has been published in the Belgian Official Gazette.  Invoicing Directive 2010/45/EU is based o … more

Increase in excise duties on wine, spirits and tobacco and abolition of environmental tax

Further to the budget discussions of the Belgian government, for the year 2013, the Belgian government plans to implement the following measures : Excise duties on ethyl alcohol, all alcoholic drinks (except for beer), and smoking tobacco will increase by approximately 12 %. In terms of alcohol, the special excise duty increases as from 1 January […]

Further to the budget discussions of the Belgian government, for the year 2013, the Belgian government plans to implement the following measures : Excise duties on ethyl alcohol, all alcoholic drinks (except for beer), and smoking tobacco will increase by approximately 12 %. In terms of alcohol, the special excise duty increases as from 1 January […]

All lawyer fees subject to VAT as of 1 January 2014 – New practice note published

The Act of 30 July 2013 (NL/FR) confirmed the removal of the Belgian VAT exemption for services of lawyers with effect from 1 January 2014. <p style="font-size: 12px; margin: 0.85em 0px; letter-spacing: 0.004em; … more

Ine Lejeune

The Act of 30 July 2013 (NL/FR) confirmed the removal of the Belgian VAT exemption for services of lawyers with effect from 1 January 2014. <p style="font-size: 12px; margin: 0.85em 0px; letter-spacing: 0.004em; … more

Intra-Community supplies – required proof for VAT exemption

The application of the VAT exemption for intra-Community supplies is, among other things, subject to the provision by the supplier of the VAT identification number of his customer. <p style="font-size: 12px; mar … more

Ine Lejeune

The application of the VAT exemption for intra-Community supplies is, among other things, subject to the provision by the supplier of the VAT identification number of his customer. <p style="font-size: 12px; mar … more