Belgium Reminds Traders Of Upcoming VAT Deadlines

by Ulrika Lomas, Tax-News.com, Brussels

14 December 2018

The Belgian tax agency has issued a reminder to value-added tax-registered persons of their obligations to file VAT returns and pay VAT during the holiday season.

Payments are due by December 24, 2018, at the latest in respect of the VAT installment for either the fourth quarter of 2018 (for quarterly filers), or for December 2018 (for monthly filers).

VAT liability can be calculated under one of two methods.

Under the first approach, for quarterly filers, the VAT paid should be that due for transactions taking place between October 1, 2018, and December 20, 2018. For monthly filers, VAT is due in respect of the period December 1, 2018, to December 20, 2018.

Such taxpayers opting to calculate their tax liability on this basis must complete grid 91 of the quarterly return for the fourth quarter of 2018, or in the December monthly transaction report, which must be filed by January 20, 2019, at the latest.

Alternatively, taxpayers can choose to pay the same amount of tax as was due for the third quarter of 2018 or November 2018. In this case, grid 91 need not be completed in the aforementioned returns.

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