Since February 1, 2022, Belgian legislation changed the “payment terms” between companies. In a nutshell: the standard payment term is 30 days. However, there is a possibility to deviate from the default rule, but never exceeding 60 days!
But…. what happens if the invoice remains (partially) unpaid and suddenly becomes a bad debt?
Source VAT Consult
Latest Posts in "Belgium"
- Belgium’s VAT Reforms: Reduced Rates for Renovations, Ecofriendly Heating, and Art Purchases
- Belgium Postpones VAT Modernization Indefinitely; Transitional Measures Extended Until Further Notice
- Belgium Delays New VAT Chain Implementation, Extends Transitional Period Indefinitely
- Belgium’s B2B E-Invoicing Framework in Preparation for 2026
- Indefinite Postponement of VAT Chain Modernization in Belgium: Key Transitional Measures Extended
