As credit institutions may be very selective in accepting new factoring agreements these days (especially for non-recourse and advance factoring), the below is rather to be read as a reminder of a few general principles with respect to factoring. For existing factoring agreements, it may also be worthwhile checking the contractual framework as some contracts may be terminated as a result of a material adverse change clause.
Source: PwC BE
Latest Posts in "Belgium"
- The vast majority of companies are up to date with e-invoicing
- Belgium Surpasses One Million Peppol Recipients, Sets Benchmark for E-Invoicing Adoption and Compliance
- Belgium Extends VAT Review Period to 15 Years for Major Building Renovations and Extensions
- Belgium ET14000 Permit: Apply via MyMinfin (Import VAT Deferment)
- Belgium Approves Broad VAT Reforms: Stricter Compliance, Longer Adjustments, and Administrative Simplifications
