The new government clearly expressed its intention to introduce measures to reduce the Belgian VAT Gap to the level of neighbouring countries.
The VAT Gap is the difference between the expected VAT revenues and the VAT revenues that are effectively collected. This difference is not only caused by revenue losses due to tax fraud or tax evasion, but is also a result of bankruptcies, administrative mistakes or malfunctioning tax collection, to name just a few.
Based on a study by the European Commission (EC) published in September 2020, the estimated Belgian VAT Gap for 2018 amounted to 3.6 billion euros, or 10.4% of the expected total VAT revenue.
Source PwC
Latest Posts in "Belgium"
- VAT Certificate Required for Dealer License Plate Renewal from October 2025
- Discover the New Documentation on E-Invoicing: Mandatory in Belgium from January 2026
- Integrating ERP Systems with Belgium’s Peppol e-Invoicing for 2026 Compliance
- Webinar pincvision: Belgium eInvoicing – All You Need to Know (Oct 2)
- Belgium to Decommission Hermes E-Invoicing Platform by End of 2025