The Belgian VAT authorities recently published a new administrative decision with regard to the new definitif advance invoicing rules coming into force on 1 January 2015.
This new decision brings an end to the transitional measures applicable from 1 January 2013 till 31 January 2014.
The new final rules provide some interesting tolerance on the legal principles related to advance invoices for supplies of goods and services to (non-)taxable persons, which could optimize the cash-flow position of the supplier and could result in a minimal adaptation being required of the ERP/invoicing systems of the supplier and the customer.
For more information, please do not hesitate to contact your local PwC adviser.
Beslissing Btw nr. E.T.126.003 dd. 07.10.2014
Décision TVA n° E.T.126.003 dd. 07.10.2014
