VAT Alert (15/10/2013)
Tax point rules for VAT: extension of the transitional regime to 2014
At the end of 2012, the tax point rules in Belgian VAT legislation were changed significantly. As of 1 January 2013, the issuance of an (advance) invoice no longer qualifies as a tax point. Under pressure from the business community, a transitional regime allowing to apply the old regime was foreseen for 2013. The Minister of Finance now announced that this transitional regime will also be applicable during 2014.
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