- Belgium plans to raise the VAT exemption threshold for small businesses from €25,000 to €30,000 annual turnover.
- The change aims to reduce administrative burdens for micro-enterprises and freelancers.
- Qualifying businesses will not need to charge VAT or submit periodic VAT returns but cannot deduct input VAT.
- The measure still requires formal legislative approval before taking effect.
- Until the law is amended and published, the current €25,000 threshold and existing rules remain in place.
Source: meridianglobalservices.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.
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