- Introduction of Near-Real-Time Transaction Reporting: The new Belgian coalition agreement includes plans to implement near-real-time transaction reporting by 2028, enhancing the country’s electronic invoicing framework and adding a “fifth corner” to the existing Peppol invoicing model, which becomes mandatory on January 1, 2026.
- Enhanced Verification and Tax Collection: This initiative will facilitate instantaneous data transmission, leading to quicker verification processes, improved auditing accuracy, and potentially more efficient tax collection, while allowing businesses to choose their invoicing methods.
- Blueprint for European Modernization: Financial technology experts view Belgium’s approach as a model for other European countries aiming to modernize fiscal reporting systems, emphasizing data security and privacy protections, with implementation planned in collaboration with tech partners by January 1, 2028.
Source Comarch
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