- The VAT exemption threshold is now set at 25000 euros for all taxable persons.
- The threshold will slightly increase to 27500 euros in the current year.
- Previous distinctions for goods, services, and specific professionals are removed.
- The new law aims to simplify the system and prevent competition distortions.
- Implementation is delayed to June 1, 2025, with a transitional period clarified by a government ruling.
- Some professionals have expressed concerns about the changes.
Source: taxand.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.
