A windfall tax on electricity producers was enacted on 16 December 2022 to partly implement an EU-wide emergency intervention to address high energy prices. As a result, a cap on market revenues generated by electricity producers applies between 1 August 2022 and 30 June 2023.

In our news item from December last year, we had already reported on the (at that time preliminary) draft bill that would bring significant changes to the existing VAT compliance and VAT refund processes, as well as to the VAT procedural rules. These changes are also referred to as the so-called “VAT chain” reform. Please see here: Reform of periodic VAT returns (mytaxcompass.be)