04.28.22
Joint incentive to reduce the VAT gap
Belgium, Netherlands, and Luxembourg representatives have convened to discuss plans to reduce the VAT gap.
Although Continuous Transaction Controls (CTC) have proven to be extremely popular in the past few years, with a means to reducing the VAT gap, the VAT gap remains high- 134 million Euros was lost in revenue the EU in 2019.
Shared borders and economic interests between the 3 countries have prompted the countries to work together to reduce this gap yet further- a key factor in the implementation of e-invoicing mandates.
Compliance is complicated
Want to learn more about how Tungsten Network makes the process of staying compliant easier?
Browse Belgium updates
Potential 22% rate
- VAT/G(S)ST rate information
Joint incentive to reduce the VAT gap
- Mandate information
Mandatory B2G e-invoicing
- Mandate information
Scope of B2G e-invoicing expanded
- Mandate information
Reduced VAT rate for electricity
- VAT/G(S)ST rate information
Reporting obligations for digital platform operators – FAQs published
- Mandate information
Covid VAT reductions for mouth masks and hydroalcoholic gels
- VAT/G(S)ST rate information
Draft Royal Decree on B2G e-invoicing
- Mandate information
Further intentions to implement mandatory B2B e-invoicing
- Mandate information
Advancements in the B2G landscape
- Mandate information
Schedule a free consultation
Let us show you how we can support your business to send 100% compliant e-invoices in 54 countries. Please provide your details and one of our team will be in touch.