- The Small Businesses Regulation Implementation Act, which implements the EU Small Business Regulations Directive, will come into effect on January 1, 2025, except for Article II, which will come into effect on October 1, 2024.
- The directive requires Member States to allow small entrepreneurs to use the small business scheme of another Member State.
- This means that a Dutch VAT entrepreneur can use the KOR in another state, and vice versa.
- The law concerns the Dutch implementation of the directive and will have limited changes for VAT entrepreneurs exclusively active in the Netherlands.
Source Taxlive
Latest Posts in "Netherlands"
- Court Rules No Right to Deduct Input Tax for Shareholder Advice Costs
- Tax Fraud Lessons: The Perils of Mixing Business and Personal Finances
- Entrepreneur Bound by Settlement Agreement in Tax Reassessment Case on Luxury Watches Sales
- Financial Application Disruption at Customs Halts Payments, Urgent Payment Requests Possible
- New VAT Rules for Mixed-Use Buildings: Changes Effective July 1, 2025
