Belgium Parliament Passes Bill to Amend Pro Rata VAT Deduction, Specify VAT Recovery Procedures

The Belgian Chamber of Representatives Nov. 16 passed Bill No. 55K3569001, to amend pro rata VAT deduction and specify VAT recovery procedures. The bill includes measures to: 1) amend the non-customs warehouse exemption regime; 2) allow taxpayers to deduct according to the general pro rata amount, or the actual allocation of all or part of the applicable goods and services; 3) require taxpayers to include their VAT identification number when issuing invoices, for the annual list of VAT-liable customers; 4) specify procedures for the recovery of VAT; 5) introduce specific requirements for payment service providers to combat VAT fraud and ...