- Influencers are individuals who have the ability to influence others to purchase products or services, often through social media.
- As per the VAT Code, they are considered VAT liable persons if they regularly provide advertising, publicity, promotion, or marketing services.
- This means they must apply for a VAT number, submit VAT returns, and issue invoices.
- However, influencers who earn an annual turnover of up to €25,000 can opt for the small business exemption scheme and are not required to charge VAT or submit VAT returns.
- They can also use the self-billing system if necessary.
Source Tipmail
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