Belgian VAT Grouping
VAT grouping is designed to help VAT taxable persons who are incurring excess VAT costs contrary to the principle of neutrality. The possibility of VAT grouping is provided in the VAT Directive. According to a survey conducted by Deloitte, 13 of the 25 EU Member States have already adopted VAT grouping into national legislation. On 24 November 2006, Belgium joined that number, with the Council of Ministers adopting a Royal Decree to bring Belgian VAT grouping into force as of 1 April 2007. According to a recent federal policy declaration, VAT grouping should avoid outsourcing to foreign countries. Of course, VAT grouping offers much more to Belgian VAT taxpayers, particularly since the rules are modelled on best practices identified in other Member States.
Why is VAT grouping necessary? How does VAT grouping work? What are the main benefits of VAT grouping? Why is the Belgian VAT grouping system considered a benchmark? Read about the answers Deloitte Tax can offer you and more in the attached brochure.