Sign up for tax alert emails GTNU homepage Tax newsroom Email document Print document Download document | |||
October 6, 2023 Belgium's new proposal for mandatory electronic invoicing from 1 January 2026
The Council of Ministers has approved a preliminary draft law introducing mandatory electronic invoicing for business-to-business (B2B) transactions in Belgium. What's changing? The new proposal is characterised by two important changes:
The preliminary draft still needs to be submitted to the Council of State for advice and also must be approved by the Belgian Parliament. In addition, Belgium must request that the European Commission provide a derogation from the European VAT Directive. This preliminary draft forms the basis for the application for derogation to the European Commission. What are the key points?
How can you prepare? Although the entry into force is anticipated for 1 January 2026, it is advisable to prepare and reflect on the business strategy to address this global trend toward electronic invoicing in an integrated and structured manner. How EY can help At EY, we have extensive experience in assessing and rolling out international e-invoicing projects. We recognize the complexity of such projects and that it can be challenging to comply with existing laws and regulations. We have a team of dedicated professionals who can help businesses meet the requirements and implement new systems. ——————————————— For additional information with respect to this Alert, please contact the following: Ernst & Young Tax Consultants (Ghent, Belgium)
Published by NTD's Tax Technical Knowledge Services group; Carolyn Wright, legal editor | |||