Key elements of the new VAT policy:It relates to the VAT treatment of "associations representing the interests of their members", i.e. associations performing EU and Belgian lobbying and public affairs activities All existing agreements regarding such associations’ VAT deduction methodology have been cancelled and need to be reassessed on the basis of the new rules Agreements allowing 80% VAT deduction are cancelled This new policy can have a significant financial impact on your association: it will generally reduce the right to file a VAT deduction