VAT reduction for energy
Belgium’s fiscal trajectory for 2023 and 2024 is shaping up to be a busy one. Our recent post on the VAT reduction for energy in Belgium indicated that the reduced rate of 6% for energy (down from 21%) was a temporary one. However, the Belgian Federal Budget has reversed this, stating that this VAT reduction will in fact be a permanent one, benefitting Belgians with more affordable energy prices. The VAT rate will be effective from 1 April 2023. Belgium is a compliant territory for Tungsten and we support all valid VAT rates in the country as part of our e-invoicing solution.