VAT Exemption for Associations Extended Until 2025: Legislative Update and Implications

• The VAT exemption for associative entities will only start in 2025
• The conversion bill of DL 215/2023 excludes operations towards associates for six more months
• The exclusion regime for associative entities will continue to apply throughout 2024
• The bill received approval from the Chamber with 140 votes in favor and 69 against
• The bill will now be examined by the Senate
• The extension of the favorable regime was introduced during the conversion process with an approved amendment
• The introduction of new provisions in the absence of new ones will be postponed

Source: eutekne.info

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.