VAT: for B2B situations the former tax point rules will be reinstated for advance invoicing!
Upon proposal of the Finance Cabinet, the Council of Ministers has approved a draft bill that reinstates the issuance of an advance invoice in B2B situations; this causes the VAT to become due in the hands of the supplier, allowing at the same time input VAT deduction in the hands of the business customer. The new
VAT: tax point rules (advance invoices) – transitional VAT regime once more extended and upcoming change in legal framework
As from 1 January 2013, the issuance of an invoice not always triggers the payment of the VAT. Due to the practical implications of this new rule, the Belgian authorities had provided for transitional measures that were applicable from 1 January 2013 until 31 December 2014. On 7 October 2014, the Belgian VAT authorities published an