- EC Sales List is a tax report that contains detailed information about transactions made with other companies from different EU countries
- It is mandatory for companies with an active VAT number in Belgium and conducting transactions with taxpayers in other EU countries
- The declaration must be submitted by the 20th day of the month following the accounting period
- Monthly submission is required if the company exceeds the threshold of €50,000 in intra-Community supplies of goods
- Failure to submit the declaration for at least 12 months will result in high tax penalties in Belgium
- EC Sales List is different from INTRASTAT declaration, as the former monitors and verifies transactions within the EU while the latter is used for statistical purposes.
Source: eurofiscalis.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
