Belgium Issues Release on Deduction of Historical VAT on Taxable Rental Property
The Belgian Federal Public Service (SPF) Finance has issued a release in relation to the new optional VAT regime for leasing of business property. The release includes that the optional regime is available from 1 January 2019 and notes that the regime allows the deduction of VAT, including historical VAT that became due before 1 January 2019 but could not be deducted before that date.
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