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.
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.
