March 2, 2023, The Minister of Finance, Vincent Van Peteghem, launched the proposal for the first phase of the broader tax reform in Belgium. The proposal, among different tax measures, introduces the general obligation for B2B e-invoicing and reporting, which aims to reduce the country’s VAT gap.
As previously communicated by the Belgian administration, the expected phase roll out of the mandatory e-invoicing in Belgium would be based on the company’s turnover:
- 1 July 2024– Belgium established taxpayers with an annual turnover, excluding VAT, during calendar year 2023, of more than 9,000,000 Euro.
- 1 January 2025– Belgium established taxpayers with an annual turnover, excluding VAT, during calendar year 2023 of more than 700,000 Euro but not more than 9,000,000 or more than 700,000 excluding VAT during calendar year 2024.
- 1 July 2025– all the other taxpayers, with a few exceptions:
- 1 January 2028– foreseen entry for small companies and agricultural companies.
Currently, the proposal needs to go through the legislative process, therefore significant changes may still apply, however, we believe that the introduction of mandatory B2B e-invoicing would start in July 2024.