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
Update: Ukraine changes proposals to end import VAT...
Ukraine is now proposing to end VAT exemptions on the import of low value goods into the country. If accepted this will mean all imports regardless of value...
SEE MORE
LATEST NEWS
Foreign providers liable to register and collect VAT...
During September 2024, the Federal Democratic Republic of Ethiopia introduced VAT on the sale of digital services by non-resident providers to local consumers...
SEE MORE
LATEST NEWS
Update: Foreign providers selling digital services B2C...
From 1 October 2024, the Peruvian tax authority will introduce VAT at 18% on the sale of digital services by non-resident providers to local consumers. Peru...
SEE MORE