Covid

Extension of VAT deadlines due to the coronacrisis

Written by info@vatsquare.com on . Posted in Belgium. 1 Comment on Extension of VAT deadlines due to the coronacrisis

Due to the problems from the spreading of the coronavirus, the Belgian tax authorities have foreseen that taxpayers can request the following VAT measures:
  • payment facilities;
  • waiver of late payment interest;
  • waiver of penalties for non or late payment of VAT.
Today the tax authorities announced the following additional VAT measures regarding the basic VAT obligations. Periodical VAT return and intracommunity sales listing
  • return/listing of February 2020, filing by 20th March 2020: extended until 6th April 2020;
  • return/listing of March 2020, filing by 20th April 2020: extended until 7th May 2020;
  • return/listing of first quarter 2020, filing by 20th April 2020: extended until 7th May 2020.
  Monthly refund of VAT credit Starters or permit holders for a monthly payment of VAT credits that want their VAT credit refunded on a monthly basis need to file their periodical VAT return at latest the 24th day (instead of the 20th) of the month following the tax period (e.g. VAT return of February 2020 needs to be filed at latest 24th March 2020).   VAT payment The tax authorities grant an automatic delay of the deadline for VAT payments of two months (no penalties or late payment interest due).
  • VAT return of February 2020, to be paid by the 20th March 2020: extended until 20th May 2020;
  • VAT return of March 2020, to be paid by the 20th April 2020: extended until 20th June 2020;
  • VAT return of first quarter 2020, to be paid by the 20th April 2020: extended until 20th June 2020.
  Annual sales listing of taxable customers
  • The annual sales listing for supplies to Belgian VAT registered customers in 2019 needs to be filed at latest 30th April 2020 (instead of 30th March 2020);
  • For taxpayers that seize their VAT activities this sales listing needs to be filed at latest at the end of the fourth month following the month in which the VAT activities were seized.
 
Vat group

Large VAT Groups: new statistical reporting obligations to be taken into account

Written by info@vatsquare.com on . Posted in Belgium.

From 2020, additional statistical reporting obligations apply to members of a large VAT Group (which is being defined as a company with an annual turnover of at least 15 million EUR reported in VAT returns). A breakdown of information contained in the VAT Group’s VAT return will have to be reported at legal entity level to the National Bank of Belgium (NBB) to allow more accurate statistical accounts (Royal Decree of 11 December 2019). The first declaration through Onegate, the NBB’s electronic portal, is due by April 20th 2020 for first quarter figures. What information has to be reported? Each member of a Belgian VAT Group with an annual turnover of at least 15 million EUR will have to provide the NBB with a quarterly summary of certain figures reported on its behalf in the group’s VAT return:
  • for outgoing transactions: all VAT return data for box 00 until box 49, per box
  • for incoming transactions: the figures reported in boxes 81, 82 and 83 of the VAT return, per box
Practical implementation The information needs to be reported on a quarterly basis, from the first quarter of 2020, and subsequently the 20th day following each quarter at the latest. The VAT group representative can file the information on behalf of Members (optional). However, each individual member remains responsible for the reporting. Please note that:
  • this new reporting obligation applies in addition to the VAT reporting obligations that should be performed by the representative member (VAT return at group level) or the individual members (European sales listing, annual client listing);
  • statistical reporting is often already required from VAT Groups, whereby a breakdown per member of the VAT return details should be provided. However, this has so far only been upon individual request from the NBB and on an annual basis, rather than a general obligation. In addition, previous reporting requests focused purely on cross border incoming and outgoing transactions, whereas the information to be reported as of 2020 has a different scope, which is broader for outgoing transactions but provides less detail on incoming transactions.