- New regulation on taxation of small traders to align with EU provisions
- Sales threshold raised to EUR 25,000 in previous year and EUR 100,000 in current year
- Applies to traders in rest of Union territory
- Special reporting procedures for German traders to use VAT exemption in another Member State
- Regulation effective from 1 January 2025
Source: assets.kpmg.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.
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