- Small businesses can opt for the franchise regime if their turnover does not exceed 25,000 euros
- This regime allows businesses to be exempt from most VAT obligations
- Businesses with turnover below 25,000 euros in 2023 will receive a letter in May with more information on the franchise regime
- To opt for this regime, businesses must submit a request before June 1, 2024 through the e604 application
- More information on the franchise regime and access to the e604 application is available.
Source: finances.belgium.be
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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