COMMISSION IMPLEMENTING REGULATION (EU) 2021/2007 of 16 November 2021 laying down detailed rules for the application of Council Regulation (EU) No 904/2010 as regards the special scheme for small enterprises
A Regulation of 16.11.2021 has been published in the Official Journal of the European Union, which will come into effect for all Member States on 01.01.2025. It consists in requiring each of the Member States to grant foreign entrepreneurs established on the territory of the European Union the advantage of the exemption scheme available to them in their country of residence. The entrepreneurs concerned can only qualify for the exemption if their turnover in the European Union does not exceed 100,000 euros (as a reminder: in Belgium this amount is 25,000 euros).
Entrepreneurs who benefit from the exemption in another country of the European Union must declare to their country of residence every quarter the total value of the supplies and services provided in their own Member State and in the other Member States.
Source
Latest Posts in "European Union"
- Reevaluating EDIFACT Exclusion in B2B E-Invoicing under ViDA
- CJEU Rules Loyalty Points Are Not Vouchers for VAT Purposes, Treated as Discounts Instead
- CJEU Rules In-Game Gold Sales Subject to VAT, Not Exempt as Currency or Voucher
- Comments on ECJ C-472/24: Court Rules Virtual Gold Not Exempt from VAT
- Comments on ECJ C-436/24 (Lyko): Court Rules Loyalty Points Do Not Qualify as Vouchers
