Legislative changes in the field of VAT: a state of affairs

• In 2023, the topic of e-invoicing was a priority for legislators, resulting in various draft texts.
• The official draft text for mandatory B2B e-invoicing from January 1, 2026 was published on January 5, 2024, and parliament approved in the meantime.
• Additionally, mandatory B2G e-invoicing for government contracts under €30,000 will come into effect from March 1, 2024.
• The European Commission’s action plan on “VAT in the Digital Age” also includes legislative proposals for e-invoicing and digital reporting obligations for cross-border transactions.
• The modernization of VAT reporting obligations and the collection of debt claims will be postponed to January 1, 2025.
• Changes in VAT deduction procedures have already taken effect from January 1, 2023, and technical changes regarding the assignment and communication of Belgian VAT numbers will be implemented from January 1, 2024.
• Additionally, a new reporting obligation for cross-border payments by payment providers came into effect on January 1, 2024.

Source Tiberghien

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