On 10 November 2022, the Belgian parliament approved Bill 2899 version 005. This includes changes in the statute of limitation and reduction of the legal interest rate.
The following will come into force from 1 January 2023:
Statute of Limitations:
- 4 years where a return is filed late or not filed (new, previously 3 years)
- 6 years in specific cases – semi-complex tax returns (new)
- 10 years in relation to complex tax returns (new)
- 10 years in case of fraud (extended from 7 years)
- 10 years retention period for keeping accounts, invoices and other records (extended from 7 years)
- Objection period from 6 months is extended to 1 year
- No changes in the standard 3-year time limit where a return has been timely filed
Legal interest rates:
- 8% late payment interest for VAT from 01 January 2023 (currently 9.6% per year).6% default interest payable by the State from 01 January 2023 (currently 9.6% in some cases and 7% in others).
Stay Up to Date
Each month we feature the latest news trends and topics covered by our experts. For more regular news and regulatory updates follow us on LinkedIn.
Work with indirect experts
Navigating global indirect tax doesn’t have to be complicated. At Fintua, our dedicated team brings clarity to compliance. Whether you’re expanding into new markets or streamlining existing obligations. We combine expert insight with tailored technology to support businesses in a digital-first landscape. Whatever the jurisdiction, whatever the challenge – we’re ready.
