31 August 2012
Under Belgian law, the payment of VAT due on importation of goods can be shifted to the periodic VAT return rather than paying VAT to Customs. In order to be able to benefit from this system, taxable persons have to request an import deferral license and pay a bank guarantee of 1/24th of the import VAT due.
It has been announced that as of 1 October 2012 the guarantee will no longer be required.
LATEST NEWS
EU council struggles to agree on the removal of the...
The EU is struggling to finalise changes to its Import One Stop Shop (IOSS) system as part of the 2028 Customs Reforms, with member states divided over plans...
SEE MORE
LATEST NEWS
Austria proposes a €2 customs charge on a per parcel...
Austria is proposing to impose a €2 charge on e-commerce low-value imports (under €150) entering Austria from outside the European Union from October...
SEE MORE
LATEST NEWS
Grenada to introduce VAT on foreign digital services
At the end of April 2026, Grenada introduced its new Value Added Tax (Amendment) Bill 2026, which will extend its VAT system to include digital services...
SEE MORE