From 1 January 2025, the special VAT regime (the SME scheme) will go live, allowing certain small enterprises to sell goods and services without charging VAT to their customers (in effect a VAT exemption) thereby alleviating their VAT compliance obligations.
Any small enterprise with a total annual turnover of no more than €100,000 (or the equivalent in its national currency) in all Member States, for the current and previous calendar year, is eligible for VAT exemption in its Member State of establishment and/or in other Member State(s) under the cross-border SME scheme.
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