Further to our ITX Newsflash of 21 December 2012, we are pleased to inform you that the Belgian VAT authorities have published further guidance on the new invoicing rules.
Practice note 2/2013 provides further insight on the changes to the Belgian VAT Code as a result of the Act of 17 December 2012. It combines the explanatory memorandum to the Act of 17 December 2012 with the Explanatory Notes issued by the European Commission following the publication of Council Directive 2010/45/EU.
The new invoicing rules apply as from 1 January 2013. In terms of the exigibility of VAT, a cross-reference is made to the transitional measures for 2013 as published on 20 December 2012.