- Threshold Reduction: The Finance Act for 2025 lowers the VAT exemption threshold to €25,000, effective from June 1, 2025, with transitional measures specified by tax authorities.
- Transitional Measures: Companies exceeding old thresholds before June 1, 2025, will lose the basic exemption and switch to a real regime from the first day of the month in which the threshold is exceeded.
- Post-June 1st Situation: Companies with turnover between €25,000 and previous thresholds will lose the basic exemption on June 1, 2025, though the situation remains unclear due to potential legal challenges against the postponement.
Source Legifiscal
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