The Belgian Ministry of Finance has announced that it will abolish the advance value added tax (VAT) payments required of taxpayers that file VAT returns quarterly effective 1 April 2017. Under standard rules, the VAT period is monthly with returns and payment due by the 20th of the month following the period. However, taxpayers with annual turnover below 2.5 million may opt to file returns on quarterly basis, but must make advance payments by the 20th of the second and third mont…