VAT on directors’ fees: application as from 1 April instead of 1 January 2016

Published


The Belgian VAT authorities have decided to abolish the tolerance for companies acting as directors to carry out their services without charging VAT. In practice this means that a company will not be able to charge directors’ fees without charging VAT.

It has now been announced that the tolerance will be abolished as from 1 April 2016 only.

It is still time to assess the possible VAT costs and to take preventive actions, like for instance setting up a VAT group.

For any further information, please contact your local PwC adviser.

Author