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Belgium confirms B2B E-invoicing plans

Belgium confirms B2B E-invoicing plans

The mandate: B2B Electronic invoicing

The Ministry of Finance of Belgium has confirmed plans to introduce mandatory business-to-business (B2B) e-invoicing starting in July 2024. This expands the current e-invoicing mandate for business-to-government (B2G), which has been in place in Belgium since 2019.

The plan also includes some form of near-live e-reporting. This proposal has yet to be presented to Parliament and formalized into law, which could potentially happen this summer.

Although no new technical details have been disclosed, Belgium is likely to require taxpayers to interchange e-invoices using a PEPPOL-based system and additionally, report those transactions to the Belgian tax authority in near-live time (e-reporting).

The timeline

Although the timeline is subject to change, it will likely follow a gradual rollout beginning in July 2024:

  1. July 2024: Large taxpayers (above €9 million turnover)
  2. January 2025: Mid-sized taxpayers (above €7 million)
  3. July 2025 (TBC): Small taxpayers below €7m

How can Invopop help?

Invopop helps global companies comply with local e-invoicing and e-reporting requirements. We offer an API that records every sale, converts it to the a locally-compliant invoice format, forwarding it to the buyer and reporting it to the appropriate tax authority, according to the local law.

If you want to prepare to comply with new electronic invoicing requirements, contact us today.