- Eligibility Criteria: Small businesses in the EU must have a total annual turnover below €100,000 and must not exceed national or sectoral thresholds (e.g., €85,000 in Italy) in each Member State to qualify for VAT exemption.
- Notification Process: Starting January 1, 2025, businesses can submit the required notification through the Revenue Agency’s web services to obtain an EX identification number, enabling them to benefit from the exemption regime.
- Activation of Exemption: Upon receiving the EX identification number from the Revenue Agency, businesses can officially begin applying the VAT exemption as outlined in the provision.
Source Orbitax
