- Changes to the small entrepreneurs scheme (KOR) will take effect on January 1, 2025
- The application scope of the VAT revision threshold in case of a change in circumstances needs to be adjusted
- The changes will allow entrepreneurs in one EU member state to use the KOR in another member state
- The consultation on the End-of-Year Regulation 2024 is open until September 26, 2024
- The registration threshold for the KOR will be increased from €1,800 to €2,200
- Other VAT measures included in the End-of-Year Regulation 2024:
- Expansion of the revision scheme to deducted VAT on renovation services
- Simplification of the customs warehousing regime
- VAT zero rate on goods taken by travelers residing outside the EU
Source: fiscount.nl
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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