Belgium To Expedite VAT Refunds For Start-Ups
by Ulrika Lomas, Tax-News.com, Brussels
31 December 2019
On December 18, 2019, the Belgian Federal Public Finance Service (SPF) announced that start-up companies can request accelerated refunds of value-added tax credits from January 1, 2020.
According the SPF, the scheme is available for the first two years of a new company's economic activity and taxpayers will be automatically enrolled provided they submit monthly VAT declarations.
In order to take advantage of expedited refunds, taxpayers must file their monthly statements no later than the 20th of each month following the relevant reporting period. Taxpayers must also file their monthly declarations via the Intervat online portal.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Through the Looking Glass »
- How to start a travel agency in Hong Kong? »
- US COVID-19 Stimulus Package Nears Agreement, but is Trump Set to Buck the Lockdown Trend? »
- Budge It Time For UK »
- The end of Nominees is delighting criminals »
- Governments Seek To Mitigate Coronavirus Impact With Tax Measures »
- Governments seek to boost economies via indirect tax reforms »
- Tax Transparency in train... »
- The United States reclaims the spotlight... »
- How will Irish Businesses with UK ownership be affected by the Brexit Transition Period »