Belgium: VAT rate for building renovation costs in 2016

Belgium: VAT rate for building renovation costs in 2016

Beginning 1 January 2016, a building must be at least 10 years old for renovation costs of the building to benefit from the reduced value added tax (VAT) rate of 6%. This change reflects a change from the current rule that requires the building to be at least five years of age.

Related content

With this change, private dwellings that currently are five years of age but less than 10 years of age and for which renovation work is being conducted will be subject to VAT at a rate of 21% as from 2016. There are transitional measures that may allow a continued benefit of the reduced VAT rate of 6%. 

 

Read a December 2015 report prepared by the KPMG member firm in Belgium: Reduced VAT rate for renovation works to private dwellings: transitional measures

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.