Skip to main content


Overview of country specific accounting and VAT/Tax legislation

Accounting Requirements

Accounting Books:
  • Posting Journal (Finansiel Dagboek)
  • Trial Balance Reports (Volledige Jaarrekening)
  • Statutory Annual Accounts for National Bank of Belgium
Other Requirements:
  • National Chart of Accounts (Genormaliseerd rekeningstelsel)

VAT/Tax Requirements

Applicable Types
  • VAT (IVA)
  • Import VAT
VAT/Tax Books:
  • VAT Ledger of purchase and sales (Inkomend en uitgaand facturenboek)
  • EU Sales Listing (VIES) (BTW – kwartaalopgave Model 723)
  • Annual National Sales Listing (VIES) (BTW – Model 725)
  • Intrastat Listing
  • Periodic VAT Return (BTW – Model 625)
Other Requirements:
  • Separate VAT accounting for Credit Memos
  • Special VAT refunds due to bankruptcy – detailed treatment

Usual Business Requirements

  • Electronic payments of vendors


Requirements that exist in most countries, e.g. documentation of transactions, Annual Accounts or periodic reporting of VAT totals, are NOT listed above if no specific legislation exists about format or content.


DISLAIMER: No responsibility is taken of the correctness of above information. The specific accounting and VAT/Tax requirements for a company should always be confirmed with local auditors. The listed issues may not be applicable for all types of companies as well as additional issues may exist depending on the specific type of business.