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Eingabehilfen

Belgium - Implementation of the 25-year revision period for the new optional regime to subject the letting of immovable property to VAT

On 25 October 2018, Belgium (finally) introduced the highly anticipated optional regime to subject the letting of immovable property to VAT as of 1 January 2019. We summarised these new rules based on an unofficial Draft Proposal and Explanatory Memorandum in our newsletter of 10 April 2018.In summary, the new regime provides for an option to subject the letting of immovable property to VAT provided that certain conditions are met, e.g. no VAT became due on the material construction costs of the