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(incorrect: ) No special vAT declaration for financial transaction costs

LD
07/12/2024
Question

I have checked this with a tax specialist. Their opinion: Shopify is not a financial institution, so the VAT exemption on transaction costs does NOT apply.

The following is therefore incorrect:

I learned today that you do not have to file a special vAT declaration if, for example, you upload your monthly Shopify transaction cost report to Dexxter as a purchase invoice. Even though Shopify is registered in Ireland. After all, there is no vAT required on financial transaction costs: https://www.wolterskluwer.com/nl-be/expert-insights/financial-services-subject-to vat in Belgium by 2025

I wonder if I will be able to recover the unnecessarily paid vAT from Intervat…

Hello,

That's correct!

If Shopify were a financial institution (which it is not), then it would fall under non-VAT-liable services. In that case, they would not pass on the VAT to you because no VAT would be charged.
If they do not charge vAT because it is not subject to VAT, then you should not have had to submit a special vAT declaration, because there was simply no vAT.

However, Shopify is indeed a regular company and they do apply reverse charge vAT. They should actually charge vAT, but in the international context they simply transfer all vAT formalities to you. So you do indeed have to submit a special vAT declaration.

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You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

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