Belgium Gazettes Royal Decree on VAT Exemption Regime for Small Enterprises

December 30, 2024, 5:00 AM UTC

The Belgian Official Gazette Dec. 24 published Royal Decree No. 19, partially transposing EU directives 2020/285 on the special VAT exemption regime for small enterprises and 2006/112/EC on the common system of VAT. The decree includes measures: 1) allowing taxpayers establishing an economic activity in Belgium to apply for the tax exemption regime by notifying the VAT administration and defining specific turnover requirements; 2) allowing taxpayers to deduct VAT on unused goods and assets when transitioning to the exemption regime; 3) requiring taxpayers using the regime to switch to the normal tax regime if their turnover increases by more than ...

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