In January 2025 an SME Scheme update will be applied giving businesses established in EU Member States VAT exemptions. This extends the previous SME Scheme and will make the SME Scheme VAT exemption applicable for businesses making supplies in EU countries where they are not directly established.
Finance ministers in 2020 initiated the SME Scheme in order to simplify administrative processes SMEs were dealing with. The new regime aims to make the EU taxation environment fair for all businesses, regardless of where they are established.
Source: simplyvat.com
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