The modernization of the VAT chain and of the collection of tax and non-tax debts within the FPS Finance, is regulated by the law of March 12, 2023. That law provides, among other things, that as of January 1, 2024, the VAT current account and the special account will disappear, a VAT commission account will be introduced that the VAT payer will be able to manage more easily himself, and the tax authorities will be able to draw up a substitute VAT declaration for VAT payers who do not comply with their filing obligation, and enter the VAT debt in a collection and recovery register more quickly. These measures should make life easier for VAT payers who correctly comply with their obligation and compensate for the laxity of those who do not.
But that law also provides for the possibility that a royal decree may set a later date of entry into force, which may not be later than January 1, 2025. Such a royal decree will be prepared to postpone the entry into force of the new VAT chain to January 1, 2025. This should allow the government to work out the implementation of the new VAT chain efficiently and effectively.
