- Belgian Chamber of Representatives considering Bill No. 55K3817001 to modify special VAT exemption regime for small businesses
- Changes to take effect on Jan. 1, 2025
- Measures include maintaining national threshold of 25,000 euros, allowing EU businesses with turnover under 100,000 euros to benefit, exempting covered taxpayers from submitting VAT declarations, excluding certain transactions from exemption, and prohibiting deduction of tax or stating turnover tax on invoices.
Source: news.bloombergtax.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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