Vat Refund Changes 2025 New Official Resolution To Select The Beneficiaries Of The Subsidy

2025 3 Major Eu Vat Rule Changes Vatcalc Currently, a vat taxable person can request refund of a vat credit through its periodic vat return, refunding both the vat credit resulting from the submitted vat return itself and any outstanding vat credit on the vat current account. as of 2025, a refund request via the periodical vat return will only be possible for the vat credit resulting. New rules for vat refunds. from 2025, the procedure for reclaiming vat credits will change. businesses will only be able to reclaim the credit from that return itself via the periodic return. this credit must be at least eur 50, and all vat returns for the previous six months must have been submitted on time.

Changes In Vat From 1 January 2025 Important Updates For Businesses With this reform, the vat authorities intend to make vat collection and refund procedures more automatic, harmonised and efficient. in addition, one aims to reduce the vat gap of 4.44 billion euros by further incentivising taxpayers to better comply with the law. the new rules may significantly affect the compliance workflow of vat taxable. The resolution does not detail the procedures for refund requests for past purchases or pending proceedings. vat credit from depreciable goods for 2024 can be requested for refund in the 2025 vat model if it exceeds 2,582.28 euros. in the vat model, line vx4 is used, indicating code 4 for refund requests under specific conditions. The initial decree provided that the changes would become effective january 1, 2025 (february 1, 2025, for certain rules with respect to refunds), but a recent news item published by the federal public service finance on november 22, 2024, clarifies that there will be a gradual implementation of the new rules between january 2025 and 2026. Starting on 1 may 2025 , the tax authorities will themselves have the right to propose a substitute vat return in the event of non or late filing of a tax return. in doing so, the tax authorities are taking their cue from the existing regime for direct taxation, whereby the authorities issue a proposition of return, leaving the taxpayer the.

Upcoming Eu Vat Changes From 2025 Untangling The Puzzle Tax Adviser The initial decree provided that the changes would become effective january 1, 2025 (february 1, 2025, for certain rules with respect to refunds), but a recent news item published by the federal public service finance on november 22, 2024, clarifies that there will be a gradual implementation of the new rules between january 2025 and 2026. Starting on 1 may 2025 , the tax authorities will themselves have the right to propose a substitute vat return in the event of non or late filing of a tax return. in doing so, the tax authorities are taking their cue from the existing regime for direct taxation, whereby the authorities issue a proposition of return, leaving the taxpayer the. Belgium’s finance law for 2025 introduces changes to vat declarations and refund requests; quarterly filers now have until the 25th day of the following month to submit their vat returns, extended from the previous 20th day deadline; monthly filers continue to have a submission deadline of the 20th day. Under the vida proposals, from january 2025 a new reporting scheme will be introduced to enable movement of own goods to be reported through a single simplified return. this will remove the need for businesses to register for vat in individual member states solely for the purposes of reporting movements of own goods. Starting january 1, 2025, when you select the "refund request" option in your periodic vat return (which is automatically the case in accountable), it is important to keep in mind the following points: refund amount limited to the current credit: the amount claimed is now limited to the credit shown in the concerned vat return (grid 72). From 2025, smes can claim vat exemption for turnovers up to €85,000 within their home country; a new union annual threshold of €100,000 is set for smes engaging in cross border transactions within the eu; smes exceeding the €100,000 threshold across the eu will need to adhere to standard vat rules.

Amendments Vat Law Effective 2025 New Preliminary Vat Return System As Belgium’s finance law for 2025 introduces changes to vat declarations and refund requests; quarterly filers now have until the 25th day of the following month to submit their vat returns, extended from the previous 20th day deadline; monthly filers continue to have a submission deadline of the 20th day. Under the vida proposals, from january 2025 a new reporting scheme will be introduced to enable movement of own goods to be reported through a single simplified return. this will remove the need for businesses to register for vat in individual member states solely for the purposes of reporting movements of own goods. Starting january 1, 2025, when you select the "refund request" option in your periodic vat return (which is automatically the case in accountable), it is important to keep in mind the following points: refund amount limited to the current credit: the amount claimed is now limited to the credit shown in the concerned vat return (grid 72). From 2025, smes can claim vat exemption for turnovers up to €85,000 within their home country; a new union annual threshold of €100,000 is set for smes engaging in cross border transactions within the eu; smes exceeding the €100,000 threshold across the eu will need to adhere to standard vat rules.