You are exempt from most VAT obligations. Specifically, you do not have to:

• submit periodic returns,
• charge VAT to your customers,
• pay VAT to the Treasury.

On the other hand:

• you must submit a declaration of commencement, modification or cessation of activity,
• you must submit a declaration of intra-Community supplies for the intra-Community deliveries and services which you provided,
• you remain subject to VAT and must therefore have a VAT identification number,
• you do have certain obligations with regard to invoicing, accounting, etc.,
• you may not deduct VAT,
• you must submit a list of your customers,
• you must submit a special VAT return in cases of intra-Community acquisitions or services for which you are liable for VAT.

You are eligible for the VAT exemption scheme if your business’s annual turnover does not exceed EUR 25 000 (excluding VAT). It does not matter what legal form your business takes (natural person, company, etc.).

Please note! VAT units and certain sectors (construction work, catering, the supply of old materials) are excluded from this scheme. Certain transactions are also excluded from this scheme (but the business concerned can benefit from this scheme for all its other transactions).

Existing business

In order to apply for the tax exemption scheme, you have to enter an amending declaration of a VAT identification (form 604B) via MyMinfin.

There are two possible dates on which the scheme comes into effect:

• 1 July: you must apply before 1 June
• 1 January: you must apply before 15 December

New business

When you commence your activity, you must submit a request for registration for VAT purposes (form 604A). You must determine your VAT scheme on the basis of your estimated turnover (excluding VAT) and your activity. If you wish to opt for the VAT exemption scheme and you meet the conditions, indicate your choice on form 604A.