Introduction
The reform aims to modernize VAT management and the collection of both tax and non-tax liabilities. This transformation, affecting both taxable persons and their tax advisors/accountants, is part of a broader objective of flexibility, clarity, and simplification. The gradual implementation should allow each participant to adapt.
New Filing and Payment Deadlines
Filing Deadlines
Quarterly filers: The filing deadline moves from the 20th to the 25th day of the month following the relevant period.
Monthly filers: The filing deadline remains unchanged (the 20th day).
Payment Deadlines
Quarterly filers: VAT must be paid by the 25th day (instead of the 20th).
Monthly filers: The payment deadline remains on the 20th day.
Removal of Late Corrective Declarations
As of January 1, 2025, it will no longer be possible to submit a corrective declaration after the legal deadline. Any errors detected after this deadline must be corrected in the following declaration.
Introduction of a Response Time for Information Requests
A fixed response time is imposed:
One (1) month from the third business day after the request is sent.
Reduced to 10 days if:
Treasury rights are at risk.
The request pertains to a VAT credit audit.
Proposal for Substitute Declaration
If a declaration is not submitted within three (3) months after the declaration period:
A substitute proposal will be made, with the VAT amount based on the highest declaration in the last twelve (12) months or a flat amount of €2,100.00.
The taxable person has one (1) month to submit a correct declaration before the substitution becomes final.
Adapted Penalties
Late Filing Penalty:
€100.00 per month of delay, capped at €500.00 (up to 5 months of delay).
Failure to File Penalty:
1st offense: €500.00
2nd offense: €1,250.00
3rd offense: €2,500.00
Subsequent offenses: €5,000.00
Penalty for Non-payment (Partial or Full) of the Tax:
Declaration filed on time: 5% of the tax due.
Late filed declaration: 10%.
Final substitute declaration: 15%.
VAT Provision Account
This system replaces the VAT current account and will have the following features:
Allows for advance payments to avoid late penalties.
Functions as a virtual account for unreimbursed credits or advance payments.
Full integration with the MyMinfin platform.
Gradual Implementation:
Until May 1, 2025: The VAT current account will remain.
After this date: Transition to the VAT provision account.
Consultation and Management of Financial Situation (MyMinfin Account)
This modernized platform centralizes all financial information (assets, debts, payments). Tools will guide users to:
Make online payments.
Modify bank account details.
Manage refund requests and payment facilities.
Gradual Implementation:
Expected availability in the second half of 2025.
VAT Refund
Via Periodic Declaration: Unused credits can be refunded under certain conditions (declaration filed on time, no debts, minimum €50.00).
Elimination of Monthly Refunds: Starting in 2025.
Via the VAT Provision Account: Unreimbursed credits transferred to the VAT provision account. Refunds are available at any time through MyMinfin, subject to similar conditions.
VAT Payment
New Payment Methods:
Bank direct debit available in early 2026, with simplified management through MyMinfin.
Account Numbers:
New bank accounts will come into effect on May 1, 2025.
Our mission in the field of corporate taxation is to help you manage a reasonable tax burden that aligns with your income and the opportunities provided by tax legislation.
