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ECOFIN adopts simplified VAT rules for SMEs

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ECOFIN has formally adopted amendments to the VAT directive and administrative cooperation regulation introducing simplified VAT rules for SMEs trading across borders from 1 January 2025.

The new regime will ensure the domestic registration threshold in individual member states cannot exceed €85,000 and will allow businesses established in other member states who make cross-border supplies to benefit from this and other simplifications where their EU-wide annual turnover does not exceed €100,000.

Issue: 1477
Categories: News