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Belgian Parliament Considering Draft Legislation for Optional VAT Regime for Leasing of Business Property — Orbitax Tax News & Alerts

The Belgian parliament is currently considering a draft bill that would amend the Value Added Tax (VAT) Law for the introduction of an optional VAT regime for the leasing of business property from 1 October. The measures of the bill are in line with the version of the optional regime approved by the government in March 2018, including that both the tenant and owner of the property must agree, the property must be used exclusively for the economic activity for which the tenant is a VAT taxable person, and the property must be newly constructed as from 1 October 2018 or significantly renovated.