VAT return
Periodic VAT declaration
Information on the periodic VAT return: SPF Finances website - source 2021
What is the periodic VAT return?
One of the purposes of the periodic VAT declaration is to inform the FPS Finances:
- the amount of transactions carried out with customers (exit transactions) and the VAT due on these transactions
- the amount of transactions carried out with suppliers and service providers (entry transactions) and deductible VAT.
The purpose of the declaration is to identify the difference between the VAT due and the deductible VAT.
Do I have to submit periodic VAT returns?
Yes, as soon as your business is subject to VAT and you are entitled to deduct VAT.
You can submit your periodic VAT returns monthly or quarterly.
However, you are exempt from the obligation to submit periodic VAT returns in the following cases:
- your company is subject to the tax exemption regime
- your business is subject to the special agricultural regime
- your company operates exclusively deliveries of goods or services exempted under article 44 of the VAT Code, and for which you are not entitled to deduct VAT
your company carries out certain activities and does not exercise its right to deduct VAT. The following are targeted, among others: laundry depot activities, dry cleaning, dry cleaning, inland navigation, sale of recovery products, horse betting agencies
Do I have to file monthly or quarterly VAT returns?
The filing of monthly VAT returns is the rule.
Despite this rule, you can, under certain conditions, opt for quarterly VAT returns. The conditions are:
- The turnover of your company does not exceed 2,500,000 euros (excluding VAT).
- The turnover of your company does not exceed 250,000 euros (excluding VAT) for all deliveries of: energy products (mineral oils or other products intended to be used as fuel or fuel), telephone devices mobile, computers and their peripherals, accessories and components, land motor vehicles subject to registration regulations
Warning ! You cannot opt for quarterly VAT returns if you are required to file monthly intra-community statements. This is the case if the total amount of exempt intra-Community deliveries and sales in the context of triangular transactions exceeded 50,000 euros during the quarter in question or during one of the four preceding quarters.
Calendars
Timetable for filing VAT returns: SPF Finances website source 2021
When should I submit my VAT return?
You must pay the VAT due no later than the 20th of the month following the month or quarter in which the transactions took place.
For example :
- The January VAT return must be submitted by February 20 at the latest.
- The VAT return for the first quarter must be submitted by April 20 at the latest.
During the summer holidays, you get a deferral for the introduction of your VAT return.
Monthly depositors:
- The June VAT return must be submitted by August 10 at the latest (instead of July 20).
- The July VAT return must be submitted by September 10 at the latest (instead of August 20).
Quarterly depositors:
- The VAT return for the second quarter must be submitted by August 10 at the latest (instead of July 20).
VAT payment schedule: SPF Finances website source 2021
When do I have to pay the VAT for which I am owed?
You must pay the VAT due no later than the 20th of the month following the month or quarter in which the transactions took place.
Warning ! Vacation plan is not in effect for payments. Although you benefit from a deferral for the introduction of your VAT return, you still have to pay the VAT due no later than the 20th of the month following the month or quarter in which the transactions took place.
Business number verification
Verification of the company number in Belgium: BCE - Crossroads Bank for Enterprises
Checking the European VAT number
Verification of the VAT number of a company in Europe: VIES - Validation of the VAT number by VIES
Extracts of articles given for information, from external sources which may no longer be adequate.
ASCEND ACCOUNTANT declines any responsibility related to these articles.