- New VAT exemption regime for small businesses
- Extension of reduced rate in the art sector
- Changes to place of taxation for virtual access to online events
- Bill No. 8406 aims to transpose EU Directives
- Changes to come into effect on January 1, 2025
- Increase in national VAT exemption threshold to €50,000
- Excluded companies include those opting for specific regimes
- Introduction of new tolerance for threshold exceedance
- New cross-border VAT exemption regime for EU-based taxpayers
- Turnover within EU must not exceed €100,000 to benefit from regime
Source: vat-solutions.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.
