31 May 2022
In May 2022, the Belgium Chamber of Representatives published a draft law that could oblige electronic invoicing between VAT registered companies in the country.
If adopted, the new law will make it mandatory for all VAT registered companies to issue their invoices in an electronic format and will be implemented in a phased approach with large businesses expected to be the first impacted as early as July 2023.
Belgium follows a growing list of EU countries, including France, Hungary, Italy, Poland, Romania, and Slovakia who have or will be introducing e-invoice systems.
These systems typically require taxpayers to validate their B2B invoices with the relevant country's tax authorities before issuing them to their customers. It's thought that introducing e-invoicing will prevent common errors on invoices and help prevent VAT fraud within the EU.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
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