Date:
On 1 January 2025, the law intended to modernise the VAT procedure as well as the collection of fiscal and non-fiscal debts within the FPS Finance will enter into force.
This ambitious project is of vital importance not only for the FPS Finance, but also for persons liable to tax, accountants and tax advisers.
The aim is clear: offering a greater flexibility, clarity and simplification to all parties concerned and encouraging compliant behaviour.
What changes for enterprises liable to VAT?
- Extending deadlines: persons liable to submit quarterly returns will enjoy extended deadlines in order to submit returns and pay taxes.
- The possibility of submitting a periodic amended return after the legal deadline will no longer be available.
- Introducing a response deadline for requests for information
- Introducing the proposal for a substitute declaration in the event of failure to submit a periodic VAT return
- Appropriate fines
- The VAT provision account replaces the VAT current account
- Simplified management via MyMinfin: consulting and managing your financial situation in a single place.
- Adapted rules for VAT refunds
- New account numbers for VAT payments
- Possibility to pay VAT by direct debits
These new features will be introduced gradually between1 January 2025 and the start of 2026.
