The VAT expert's eye
Managing the cash flow of your company is a key issue. Despite the principle of VAT neutrality, cash-flow inconvenience derived from the VAT system is a major concern and is perceived as having a significant financial impact. However, Spain offers procedures whereby said cash flow inconvenience can be mitigated or avoided.
Companies importing goods from a Third Country into Belgium must pay attention to the following issues:
- Check whether or not the importation can be VAT exempt (bonded warehouse, VAT warehouse, tax warehouse, importation of goods followed by a subsequent intra-EU supply etc.);
- If no VAT exemption is applicable, proceed with the Belgian VAT registration;
- Check the conditions to apply the postponed accounting or deferred payment of import VAT in Belgium.
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