Possible flaws when changing legal entity structure

For example, a change in the legal form of a company from a VOF to a company is a logical step in their growth for many companies. However, such a change brings with it more than just a new CVC number and modified statutes. In practice, we often see companies overlooking certain consequences, resulting in unnecessary financial disadvantages.

In practice, we often see companies overlooking certain consequences, resulting in unnecessary financial disadvantages.

Are you in Belgium? Then you have right to an excise fee about your diesel purchases. Please note that when changing legal form, you must apply for a new authorisation, as it is not transferable. Application for such authorisation may take more than a month. During that period you may miss a considerable amount of money especially for large diesel volumes.

In addition, check the data on your fuel suppliers' invoices. Your VAT number and company name are listed there. Does any of this data change due to a change of legal form? Tell your suppliers in good time. If you do not, your foreign VAT and excise claims can be returned rejected. VAT on wrongly invoiced fuel costs is indeed a mistake that you can easily avoid.

Other issues also deserve AANZeT, such as transport permits, contracts with partners, suppliers and other administrative obligations. With a Good preparation you will prevent a temporary loss of VAT or excise refund and keep your liquidity healthy.

Do you need help or advice? At Delta we are ready to help you day and night.