Belgium Extends Reduced Fine for Late VAT Payment
Belgium has published the Royal Decree of 20 June 2021, which extends the reduced fine for late VAT payment due to the ongoing impacts of the COVID-19 pandemic. This includes that for the third quarter of 2021, from 1 July to 30 September 2021, the fine for late VAT payment is reduced from 15% to 10%. The same was provided for the previous quarter as well.
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