Update: | Compliance Alert - Updated retention period for fiscal documents |
Date: | 2024-03-08 |
Changes to the Belgian VAT code have amended the fiscal document retention period.
The Act of 20 November 2022 and Circular Letter 2023/C/58 have extended the required retention period, which was historically 7 years, to a required 10 years of storage.
The regulation came into force on 1 January 2023. It stipulates that for various documents, including invoices, accounting books, and other relevant records, taxpayers must retain them for 10 years, beginning in January immediately following the issue date.
This amended retention period requires no further action from Pagero customers. Pagero's solution is consistently adapted, updated, and maintained to ensure compliance with regulations, easing administrative burdens.