As of January 1, 1996, Belgium will increase its standard VAT rate from 20.5% to 21%. The reduced VAT rates of 6% and 12% will remain unchanged.
Furthermore, since November 1, 1995, private houses located in Belgium need only be fifteen years old as opposed to twenty years old as was the case prior to November 1, 1995, in order for the transformation, renovation and refurbishment works on such houses to be subject to the reduced VAT rate of 6%.
The content of this article is intended to provide general information on the subject matter. It is therefore not a substitute for specialist advice.
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