The most frequent error in VAT:
“We are a non-profit Association so we have no VAT obligations.”
As Treasurer of the European Federation of Geologists, representing 27 European countries, I am pleased to commend VAT SQUARE for their outstanding service. Their proposals are characterised by remarkable speed and reliability, skillfully navigating the complex needs of our diverse federation. Their professional expertise has been invaluable, and I highly recommend them for their support and efficiency.
Answering to complex VAT related questions in a clear and understandable way is a mission that Vatsquare experts perfectly undertakes. We worked with Karen and Wendy who have shown a very quick and good understanding of questions at stake in our organisation and answered perfectly to all our questions both in writing and orally. Such expertise is very valuable for small-size organisations like ours.
To determine the VAT risks and/or opportunities first the VAT status must be analyzed. The VAT status (whether the organization is a fully exempt VAT taxpayer, a mixed VAT taxpayer, a partial VAT taxpayer,…) is determined by different elements: the aim, the type of income, whether activities are performed “for free” etc.
Subsidies or grant agreements (if applicable) will add another level of complexity. Depending on the obligations and the conditions agreed (different for each contract), the amount received qualifies as a subsidy or as a remuneration for a service. For certain projects (a.o. EU horizon) the Belgian administrative guidelines allow VAT deduction even if qualified as a subsidy.
This includes:
Brussels Office
Koloniënstraat 11,
1000 Brussels, Belgium
Antwerp Office
Roderveldlaan 100 bus 6
2640 Mortsel, Belgium