The European Union Official Gazette published Decision No. 2022/2542, which permits the Netherlands to extend the expiration date and the threshold of a VAT exemption for specific taxable persons. The decision allows application of the VAT exemption for taxable individuals with annual turnovers of no more than 25 000 EUR. This is to lighten the regulatory burden of small businesses and prevent internal market competition distortions.
Source: GVC
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