The Belgian Parliament has approved last week the new law allowing to opt for VAT on professional rent. Two important dates:
- The new rules are applicable as from 1st January 2019
- Option is possible if the construction of the building started as from 1st October
The VAT administration will publish detailed comments, a.o. on the way to operate the VAT deduction.
The other changes regarding the rent of warehouse and the application of VAT on short term lease have been adopted as well.
We refer to our previous flash for more details.
Do not hesitate to contact us: to assess the financial and operational impact on your investments and projects, to adapt your letter of intent and new contracts, etc.