- Transposition of EU Directives: The decree partially implements EU Directives on VAT exemptions for small businesses, aiming to simplify compliance and create a common legal framework across the EU.
- Eligibility and Exemption Conditions: Small businesses with an annual turnover not exceeding €100,000 can benefit from VAT exemptions in other Member States, while certain restrictions for micro-enterprises are eliminated.
- Harmonization and Simplification: The decree standardizes definitions and declaration obligations, ensuring consistent application of the exemption regime and introducing simplifications to reduce administrative burdens for small businesses.
Source diariodarepublica.pt
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