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Postponement of VAT Chain Implementation: Strategic Decision and Realistic Timing for the Sector

    The FOD Financiën, in consultation with the ITAA, has decided to postpone the implementation of the VAT chain. This is a strategic decision to ensure a smooth transition to the new system. The delay allows professionals, especially accountants and tax advisors, time to prepare and focus on the introduction of electronic invoicing. It also provides an opportunity to thoroughly test the VAT chain technically and functionally. A revised and realistic timeline will be communicated once available. The current account number for periodic VAT payments remains in use until further notice.

Source: financien.belgium.be

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.



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