The Belgian VAT administration has recently published a new VAT practice note n°14 /2014 dated 4 April 2014 (E.T. 120.000) on (electronic) invoicing.
Said VAT practice note is retroactively applicable as from 1 January 2013.
The VAT practice note stresses the importance for businesses of implementing appropriate business controls in order to guarantee the authenticity of origin, the integrity of content and the legibility of their VAT invoices, irrespective of whether these have been issued in paper or electronic format. In this respect, businesses can appoint a third party to review their implemented business controls and/or perform self-assessments on a regular basis.
For more information and to find out how PwC can assist you in this respect, please read our piece on e-invoicing.
