On Mar. 15, BEL PRL amended VAT Code re SME exemption scheme.
BEL PRL adopted bill 55K3817 in its version 55K3817/003 amending the VAT Code.
Transposition of EU Dir 2020/285 and partial transposition of EU Dir 2022/542 re VAT rates; modification of special regime for SMEs subject to the franchise regime tax.
Effectiveness
After royal assent, the law will enter into force on Jan. 1, 2025.
Apr. 2024 Law Published
On Apr. 9, 2024, BEL GVT published Law of Mar. 21, 2024 amending the value added tax code regarding the special tax exemption regime applicable to small businesses.
The amendments will be entering into force on Jan. 1, 2025.
Regulators
BEL GVT; BEL PRL
Entity Types
Corp
Reference
OG 2024002757, 4/9/2024; Law 3/21/2024; VAT Code; Bill 55K3817, PR, 3/15/2024
