Switching to VAT-free status: greater flexibility from 2025
As of January 1, 2025, companies with annual sales of up to €25,000 excluding VAT can opt for the small business VAT exemption scheme four times a year: on January 1, April 1, July 1 or October 1 (instead of just two dates previously).
Under this scheme, the company is exempt from VAT invoicing and periodic returns, but cannot reclaim VAT on its purchases.