Optional VAT threshold regime for social promotion associations and volunteer organizations clarified by Revenue Agency.

• The VAT franchise regime for social promotion associations and volunteer organizations is optional
• The regime does not constitute a natural VAT regime
• Clarification provided by the Revenue Agency during a video conference on September 19, 2024
• The regime is introduced by art. 5 paragraph 15-quinquies of DL 146/2021, applicable from January 1, 2024
• The regime applies to organizations with revenues up to a certain threshold

Source: eutekne.info

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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