- VAT exemption for lawyers allows them to not charge VAT to their customers
- It also allows them to stop deducting VAT incurred in connection with their activity
- Lawyers do not need to file a VAT return if they opt for the exemption
- Opting for VAT exemption can be beneficial for lawyers who mainly bill individual customers
- It reduces the cost of services for customers as VAT is not charged
Source: cyplom.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
