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VAT Registration

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All persons carrying out an economic activity on a regular and independent basis, and providing goods or services which are not fully exempt from VAT by law, must charge value added tax (VAT) and must therefore register for a unique VAT number. VAT is calculated on the tax base at a rate, which depends on the nature of the transition, which can be 6, 12 or 21%. 

Special regulations apply for the Belgian diamond industry.  According to Article 40 §1 and 42 §2 of the VAT-Legislation (Wetboek van de Belasting op Toegevoegdd Waarde) the following transactions with regard to diamonds are exempt VAT:

  • Supply of unmounted diamonds to  Belgian registered diamond traders(including diamond manufacturers)  exclusively trading in unmounted diamonds
  • Import of unmounted diamonds by Belgian registered diamond traders (including diamond manufacturers) exclusively trading in unmounted diamonds
  • Services with regard to unmounted diamonds provided to Belgian registered diamond traders (including diamond manufacturers)  exclusively trading in unmounted diamonds.

The export of goods – including diamonds – performed by (or for the account of) the trader (in this case the Belgian diamond trader) is always exempt VAT  (art. 39 VAT-Legislation).

For more information please read the chapter on Tax and if necessary  contact an accountant. You can find several suggestions in the list of contacts.