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
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
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
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 Commission in 2008, aimed at harmonising and simplifying the Community rules on the electronic sending, receipt and storage of invoices. The new rules will
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 private use of company cars is to be determined. The new guidelines will take effect on 1 January 2013. For 2012, the administrative tolerance set
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 on the study PwC has carried out for the European Commission in 2008, aimed at harmonising and simplifying the Community rules on the electronic sending, receipt and storage of
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
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 proposal
