Taxes
Belgium — Tax: Vat
Belgium has three VAT rates: 21% standard, 12% intermediate and 6% reduced, plus a zero rate for exceptional goods and services.
Key facts
- Belgium has three VAT rates of 21%, 12% and 6%; each has its own section in the VAT declaration for outgoing transactions.
- A zero rate applies to some exceptional goods and services.
- The VAT rate on a new house is 21%; a property counts as new until 31 December of the second year following the year of first occupation.
Steps
- Understanding VAT Registration — To determine whether you need to register for VAT in Belgium, you must assess your annual turnover and consider factors such as residency, business activities, and the type of goods or services you provide.
- Preparing VAT Returns — Registered VAT taxpayers must regularly file returns with the Belgian tax authorities, detailing their sales, purchases, and other relevant transactions. Returns should be submitted within the specified deadlines.