Belgium has proposed an increase in the resident EU VAT registration threshold. This will rise to EUR 15,000 from the current EUR €5,580 at a date in early 2014 to be confirmed. The European Commission to reduce the compliance paperwork and reporting requirements of small companies; both Italy and Luxembourg raised their VAT registration threshold recently.
Related Posts
The Belgian government passed a draft law to overhaul the investment deduction system. Effective 1 January 2025, the reforms pertain to tax deductions for investments, which are categorized into three groups. The standard amortization for tax
Read More The Federal Public Service (SPF) Finance of Belgium has released the guidance on the Pillar 2 global minimum tax. The guidance outlines the context of the Pillar 2 global minimum tax and its enforcement in Belgium. Furthermore, the guidance also
Read More
On 20 February 2024, the Belgian parliament passed the Law of 6 February 2024, which was published in the Official Gazette. The legislation amends the Value Added Tax Code and the Income Tax Code, making electronic invoicing compulsory from 1
Read More On 1 February 2024, the Belgian Chamber of Representatives passed the law that brings amendments to the Value Added Tax Law submitted on 28 December 2023, making electronic invoicing mandatory. The mandatory electronic invoicing requirements will go
Read More On 1 February 2024, the Belgian Chamber of Representatives passed project 3743/004, which mandates the implementation of business-to-business (B2B) electronic invoicing (e-invoicing) from 1 January 2026. The bill is in accordance with the structured
Read More On 28 December 2023, Belgium implemented the law to enforce the Minimum Taxation Directive (2022/2523). This law entered into force on 31 December 2023 after the Belgian Parliament approved the legislation on 14 December 2023. The full text of the
Read More
