|Compliance Alert – Businesses continue to benefit from VAT reduction for specific heating until 30 June 2023
The Public Service of Federal Finance has given an update on the reduced VAT rate timelines.
Professional users have been benefiting from a VAT rate of 6% since 1 August 2022.
This VAT rate has been implemented for natural gas for heating and heat via heating networks.
The reduced VAT rate for professional users will return to 21% starting 1 July 2023.
At the same time, households will continue to take advantage of the 6% rate as this sector has been given this benefit permanently.