- Options and revocations regarding VAT regimes must be communicated through the VO section of the annual VAT return, based on the taxpayer’s conclusive behavior during the tax year.
- For 2025, the VAT return must be submitted by April 30, 2026; if not required to file a VAT return, the VO section can be attached to the income tax return.
- Conclusive behavior means carrying out actions that clearly indicate the choice of a specific regime, such as quarterly VAT settlements and payments.
- The option for quarterly VAT settlement is available in 2025 to taxpayers whose 2024 turnover did not exceed €500,000 (services) or €800,000 (other activities), and is valid until revoked if requirements persist.
- The option for exemption from VAT obligations (art. 36-bis) exempts certain operations from invoicing and registration, is binding for at least three years, but can be revoked earlier if requirements are no longer met.
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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