VATupdate

Budget agreement: Gradual transition to E-invoicing (and Real Time Reporting?) for B2B transactions

On October 12, 2021, the Belgian government agreed on the Belgian budget.

One of the eye-catching measures is the reference to the gradual transition to E-Invoicing for B2B transactions. Objective is to close the VAT Gap.

Although no details are known yet looks like Belgium will implement E-invoicing gradually based on the size of the companies and take benefit of experiences in the neighbouring countries (France?).

Source PwC

 

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