Belgium import VAT deferment
In principle, companies not ordinarily resident in Belgium that wish to import goods into Belgium must register as non-residents for VAT and pay Belgium import VAT at 21%. They must also pay any applicable Belgian customs duties.
However, Belgium offers one of the most convenient import VAT deferment schemes of the European Union member states. It can be compared to the Dutch import VAT deferment regime. This includes the effect ability to import without any cash payment of VAT.
Belgium VAT importing warehouse scheme
In September 2012, Belgium withdrew the requirement for non-resident importers to make bank guarantees to cover the VAT deferment. This guarantee or cash deposit had been worth several months’ worth of Belgian VAT on the estimated turnover of the imports.
This requirement was withdrawn from the start of October 2012 for new importers. Existing importers had their guarantees cancelled in 2013.
Fiscal Representative to simplify imports
In addition to the bank guarantee changes, Belgian importers can also instead appoint a local firm of accountants or lawyers to serve as their fiscal representative and importer of record.
This eliminates the need for them to VAT register their businesses.
Latest Belgian news
January 25, 2019
The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies. The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states.
January 09, 2019
The EU VAT Directive has been updated from 1 January 2019 to introduce a voluntary generalised reverse charge measure on domestic transactions in member states.
December 28, 2018
Following agreement by EU member states to permit cutting the VAT rate on e-books and online journals to match the reduced/zero rating permitted on their paper-based equivalents, the following countries have already announced reductions...
- Czech Republic
- United Kingdom