VAT Exemption Scheme – Notification via MyMinfin for Small Businesses in 2023

• FOD has asked ITAA to spread a message about the VAT exemption scheme
• A letter has been sent to taxpayers who may qualify for the exemption based on 2023 data
• The message will also be published on the FOD website
• Small businesses can qualify for the VAT exemption if their turnover under the normal VAT regime was no more than 25,000 euros in the previous calendar year
• A letter regarding the VAT exemption will be uploaded in MyMinfin in May for eligible small businesses
• Eligible taxpayers must submit a request to change their VAT regime by June 1, 2024 via the e604 application.

Source: blogitaa.be

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.

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