Turnover and investments

Purpose and short description The turnover includes all amounts (excluding VAT) corresponding to the sale by the taxable person of goods and services to third parties in Belgium or abroad. Investments are expenditure (excluding VAT) by the taxable person for the acquisition of goods and services constituting a business asset. Population of taxable persons for VAT, excluding the following Nace codes (Nace 2008 nomenclature): A, 50.3 and 50.4, K, L, 69.1, 0, P, Q, 91, 92, 94, T and U. Frequency quarterly. Timing publication Results available 2 months after the reference period. Definitions Investments are expenditure (excluding VAT) by the taxable person for the acquisition of goods and services constituting a business asset. These include incorporation costs, intangible fixed assets, land and buildings, installations, machinery and equipment, furniture and rolling stock, fixed assets in leasing and other fixed assets. The wages of the staff (e.g. which would be used to build or renovate a building) and other social charges and purchases of other services, work and studies (e.g. honorary architect) are therefore not part of the investment. Turnover includes all amounts (excluding VAT) corresponding to the sale by the taxable person of goods and services to third parties in Belgium or abroad. In addition, the turnover includes all other costs (transport, packaging, etc.) that are passed on to the customer, even if they are charged separately. Discounts, rebates and discountes should be deducted as well as the value of returned products (through credit notes). Income that appears as other operating income, financial income or exceptional income in the business accounts is not included in turnover. Comments Due to late and/or deviating VAT returns, the data for the last 2 years should be considered provisional and may be revised. Metadata Turnover and investments according to VAT returns (absolute figures).pdf