11.17.22

Budget tax proposals

Governments often use budgets as a platform to showcase their fiscal policies for the coming year, and Belgium has signalled its intent to refine its tax measures in the coming year.

Proposals in their budget include:

• Permanent 6% reduction for gas and electricity
• Increasing VAT on ‘unhealthy’ products and conversely reducing VAT on healthier products

Once again, countries are targeting specific community agendas, by adapting tax measures with a focus on advancing the health of individuals.

Belgium is a compliant territory for Tungsten Network and will accommodate any new VAT rates as part of our solution.