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Value added tax (2018)

  • Rates: 0, 6, 12 and 21%
  • Non taxable legal entities, wholly exempted businesses, "flat rate" farmers and small businesses: acquisition threshold = €11.200,00
  • Quarterly filing of return (optional): annual turnover ≤ €2.500.000,00
  • Deduction of VAT on car costs for business use (maximum  50%)
  • Monthly filing of return: annual turnover > €2.500.000,00
  • Non deductible VAT: tobacco, liquor, hotel and restaurant costs (exceptions), reception costs
  • Small enterprises: annual turnover threshold = €25.000,00
 
  • Distance selling: annual threshold = €35.000,00
 

 

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Jos Goubert
Director

Tax Knowledge Dept.
Brussels

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