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Tax Insights March 2020 - Accelerated VAT refund / deferral of payment of VAT on special returns following the Corona crisis

We would like to inform you about the further support measures introduced by the Belgian tax administration for all VAT taxable persons in the context of the Corona crisis.

1. ACCELERATED VAT REFUND

What?

In addition to the previously announced extended filing and payment deadlines for periodic VAT returns, the possibility of an accelerated VAT refund was introduced on 29 March 2020.

Who? 

All VAT monthly claimants who wish to benefit from this accelerated refund: starters, licence holders 'monthly refund' but also all others who, in principle, can only apply for a possible VAT refund at the end of each quarter. 

When? 

The VAT return of February 2020 must be submitted via Intervat at the latest on 3 April 2020 and the box 'Application for a refund' must be ticked. 

If the VAT return for the month of February (normal submission deadline was 20 March 2020) has already been submitted, a corrective VAT return can be submitted via Intervat up to and including 3 April 2020 in order to change this option.

This means that, thanks to this measure, any VAT credits will be refunded no later than 30 April 2020 (instead of 29 May 2020, or even no later than 30 June 2020).

Other basic conditions

The other basic conditions continue to apply, inter alia:

  • minimum amount of 245 euro
  • all returns for the current calendar year must have been submitted
  • the administration knows your account number for VAT refunds
  • there must be no opposition to this repayment (by garnishment or transfer of debt)

This credit may, however, still be subject to a withholding or application to another outstanding debt and to a 'verification of VAT credit'.

Postponement already granted remains

If you do not have a VAT credit, or do not wish to make use of this measure, you will still be able to submit the VAT monthly returns of February 2020 in due time until 6 April 2020. Any VAT due that remains from this February 2020 return must be paid by 20 May 2020 at the latest. 

2. SPECIAL VAT RETURNS 

What ? 

Exempt VAT payers without a right of input VAT deduction are in certain cases obliged to pay the VAT due by means of a special VAT return (form 629). 

When ? 

The payment deadline for the special declaration 629 relating to the first quarter of 2020 will be extended to 
20 June 2020 (this deadline was originally foreseen for 20 April 2020).

Should you require additional support or information, the Tax team of RSM Belgium remains at your disposal :[email protected].

RSM Intertax

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