New Web Portal: VAT Rules for Small Enterprises

The special VAT regime is allowing small enterprises to: 

• sell goods and services without charging VAT to their customers (VAT exemption) and,
• alleviate their VAT compliance obligations.

Any small enterprise with a total annual turnover of no more than EUR 100 000 (or the equivalent in national currency) in all Member States, for the current and previous calendar year, is eligible for VAT exemption in its Member State of establishment (MSEST) and/or in other Member State(s) under the cross-border SME scheme. 

The web portal with more information on the SME scheme is now live and can be accessed through the page VAT rules for small enterprises.