Belgian quarterly VAT prepayments abolished
When filing quarterly VAT returns in Belgium, currently VAT prepayments need to be made on a monthly basis.
Belgian tax authorities request monthly pre-payments in the first and second month of the quarter, calculated as 1/3 of the VAT payment made the preceding quarter.
As from 1st of April, these prepayments will be abolished. In order to place monthly and quarterly filers in the same position, quarterly filers will be required to make a prepayment of the VAT due on transactions concluded in the fourth quarter of the calendar year by 24th of December of that year.