B2B mandatory electronic invoicing to combat €3.6 billion in missing VAT The Belgian Ministry of Finance has confirmed this month the 2022 budget plan’s statement on rollowing out a B2B / B2C e-invoicing regime. Draft legislation will be issued in 2022 for consultation. It is
Parliament reviews changes to VAT Act Belgium’s Parliament is reviewing a range of Value Added Tax amendments to the existing VAT Act. Most would come into effect in January 2022. These include: Reducing the VAT rate on medical-related hair implants from 21% to 6% VAT
Electronic invoicing to combat €3.6 billion in missing VAT The Belgian budget in October included a provision for the phased introduction of electronic invoicing for Business-to-Business transactions. Check VAT Calc’s global live VAT invoice transaction and e-invoice reporting tracker to see where else real-time submissions of invoices
COVID-19 VAT rate cut Belgium has approved a 6% reduced VAT rate on restaurants between 8 May and 30 September 2021. This will include non-alcoholic beverages consumed on premises. The regular rate is the 12% reduced rate. The current VAT rate in Belgium is 21%. This
