- Small business owners in the EU can use the Small Entrepreneurs Scheme (KOR) in another EU member state from January 1, 2025
- Changes in the KOR aim to align the Dutch KOR with other EU member states, reducing the need for registration and VAT filings in other countries
- The implementation of the EU directive in the Dutch VAT law allows small businesses to apply for the KOR in another EU country from 2025
- The KOR in the Netherlands allows VAT-exempt status for businesses with annual turnover below €20,000, with exemptions from administrative obligations and VAT deductions
- The new law allows for early termination of the KOR participation period, eliminating the previous three-year mandatory participation period
- Dutch businesses can terminate their KOR participation by giving notice, with termination taking effect at the start of the next calendar quarter at least four weeks after notice
Source: taxlive.nl
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.
Latest Posts in "European Union"
- Blog Luc Dhont: How Can Multinationals Comply with VAT on Transfer Pricing Adjustments Post-ECJ Arcomet?
- ECJ Opinion Sheds Light on VAT for Ancillary Services in German Accommodation Sector
- Briefing document & Podcast – C-409/04 (Teleos): Physical Movement & Supplier Due Diligence Key for Intra-EU VAT Exemption
- EU boosts tax cooperation with Andorra, Liechtenstein, Monaco, and San Marino
- Briefing document & Podcast: ECJ C-271/06 (Netto Supermarkt) – VAT exemption granted if fraud undetectable with due commercial care
