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 which could have some impact on your business. If you have questions with regard to the changes
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 below a recap of the most relevant decisions that have already been taken or have been launched for approval in Parliament. Change
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 January 2013. As a result thereof,
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 again want to stress the potential impact of this modification on the customs duties your company
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 lawyer services rendered as of 1 January 2014. To do so, in principle, all Belgian-based
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 website of the European Commission and being referred to in the
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. Transactions for which the tax point
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 VAT unless the doctor/hospital can apply the VAT exemption for “small businesses”.
