Belgium Postpones VAT Chain Implementation Indefinitely to Allow More Preparation Time

• The introduction of the VAT chain in Belgium has been postponed indefinitely.
• The decision was made by the Federal Public Service Finance in consultation with the ITAA.
• The postponement aims to allow accountants and tax advisors more time to prepare for the significant change.
• The government wants professionals to focus on implementing electronic invoicing first.
• The extra time will be used to thoroughly test the VAT chain system for reliability before its eventual launch.

Source: asd-int.com

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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