V

VAT

Value-added tax. VAT must be paid on turnover made by an entrepreneur in Belgium. VAT charged to the entrepreneur may be deducted from this. So tax is paid on the value added: the difference between purchase price (plus expenses) and selling price.
If goods are exported abroad and consumed there, they are not subject to Belgian value added tax. This is because this tax only seeks to tax consumption in Belgium. In this case, the so-called zero rate applies, so there is no need to charge VAT.
VAT is excluded from the policy by default, but can be insured.