9/28/2023 0 Comments Free paper invoicingThe revised plan was made up of four stages: 4-stage proposed implementation 2024 to 2025 Although it’s not yet dedecided if Peppol would be the exclusive format. It is likely that a Peppol 4-corner framework will be adopted, already adopted for B2G in Belgium. And since it is built on the same application as our VAT Filer, all of your sales or purchase e-invoices are fully reconciled to your VAT returns.īelgium will not impose its own e-invoicing standard as has been done in Italy and Poland. Learn about VATCalc’s VAT e-invoicing product, which not only creates and submits e-invoices to global tax authorities, but is unique in providing full audit against local tax legislation. Under the Digital Reporting Requirement pillar, there is a planned mandatory structured e-invoicing requirement in the EU for intra-community supplies from 2028. Belgium is looking to synchronise with the EU VAT in the Digital Age plans for an EU standard on eInvoicing (EN 16931) system across the EU to ensure interpretability. The proposals are yet to be fully agreed by the government and submitted to Parliament.īelgium’s preferred plan is two staged: PEPPOL-based structured e-invoicing between taxpayers then enhanced with Continuous Transaction Control pre-clearance with the tax authorities. As well as e-invoicing, this will include near-live e-reporting to replace the annual customer listing report. :Ministry of Finance confirms July 2024 to July 2025 B2B invoicing phased rollout Full govt and Parliament approval neededīelgium’s Ministry of Finance has reconfirmed plans to commence mandatory B2B e-invoicing from July 2024. The Belgian Ministry of Finance has said it will return to this issue after the summer’s break. However, the government may still be able to secure separate backing for the 2024 e-invoicing launch plan to go ahead. But opposition parties doubted the government’s estimates on the like new revenues and the risk of a shortfall.įailure to agree on the tax plan means any fresh attempt to push the reforms will not come until after the 2024 summer elections. The reforms, which mention the Belgian Peppol-based real-time reporting regime, had envisaged a major shift of the tax burden away from income to wealth. The collapse on agreement for a major Belgian tax reforms means that the July 2024 plans to launch mandatory e-invoicing may now be in doubt. 27 July – failure to agree major tax reform package puts July 2024 e-invoicing launch at risk
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