- Following a new bill, the Belgian tax authorities have the right to request taxpayers who keep their books and records digitally to submit them through a secured online platform. This is not limited to books/accounts but includes any document that is relevant to determine the taxpayer’s taxable income.
- This new provision lowers the barrier for the Belgian tax authorities to perform a tax audit and could thus possibly increase the number of tax audits in the future. This would also result in a substantial increase of digital data available to the Belgian tax authorities, which allows datamining in relation to the information submitted and therefore more efficient tax audits.
- The preparatory works to the bill confirm that these changes do not affect the Belgian tax authorities’ right to visit to the taxpayer’s premises (either by way of an announced tax audit or by way of a dawn raid).
Source Baker & McKenzie
Latest Posts in "Belgium"
- Belgium Considers Transitional E-Invoicing Relief for Companies Facing Implementation Challenges
- Belgian Unions, Employers Reject Single 9% VAT Rate for Construction, Warn of Sector Crisis
- Briefing Document & Podcast: E-Invoicing in Belgium: Scope, Regulations & Future Outlook
- FAQ on E-Invoicing implementation in Belgium
- Belgium Updates VAT Rules for Art, Antiques and Virtual Services
