News article

Deferral VAT obligations: summer scheme 2023

As per annual custom, the tax authorities are also granting extensions for various obligations this summer.

VAT return

The monthly declarations for the operations of June 2023 and the quarterly declarations for the operations of the second quarter 2023, instead of being filed by 20 July 2023, must be filed by 10 August 2023 at the latest.

Monthly returns for July 2023 operations, instead of being filed by 21 August 2023, must be filed by 8 September 2023 at the latest.

VAT refunds

Monthly filers entitled to monthly VAT refunds should take into account the following filing dates to avoid delaying the refund:

• declaration for June 2023 operations: submission no later than 24 July 2023;
• declaration for July 2023 operations: submission no later than 24 August 2023.

Also make sure your bank details are known.

IC-listing

The IC-listing for the acts of the second quarter 2023 or the acts of the month of June 2023 must be filed at the latest on 10 August 2023 (instead of 20 July 2023); that for the acts of July 2023 at the latest on 8 September 2023 (instead of 21 August 2023).

Payments

For payments, the tax authorities do not allow any postponement. Those due dates therefore remain 20 July (for  the second quarter or June) and 21 August 2023 (for July). If the VAT due is not paid on time, default interest will automatically be charged on the VAT current account.

Of course, VAT payers may take into account an available credit balance on their VAT current account when making payments.

FPS Finance, newsflash 12 June 2023