Netherlands Tax Agency Announces Optional VAT Exemption Regime for Small Businesses

The Dutch Tax and Customs Administration July 16 announced an optional VAT exemption regime for small businesses and entrepreneurs effective Jan. 1, 2020. To qualify for the VAT exemption regime, a taxpayer must: 1) be a VAT entrepreneur established in the Netherlands; 2) not exceed the turnover threshold of 20,000 euros (US$22,423); and 3) register by Nov. 30, 2019. [Netherlands, Tax and Customs Administration, 07/16/19]

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