The MS of exemption verifies if the taxable person is eligible to benefit from the exemption in that MS of exemption. To be eligible to benefit from the exemption, the following conditions must be fulfilled by the taxable person:
• the supplies meet the criteria of the sectoral threshold, if applicable in the MS of exemption:
• the supplies are not excluded from the special scheme in the MS of exemption;
• the taxable person will use one sectoral threshold only, if more sectoral thresholds are applicable in the MS of exemption;
• the annual turnover threshold was not exceeded during the current (N year), or the preceding calendar year (N-1 year), or also during the year prior to the preceding calendar year (N-2 year) if the MS of exemption has chosen two calendar years of exclusion in case of exceedance of the threshold;
• in case of MS annual threshold exceedance and transitional period applicable, the taxable person's annual turnover is still acceptable by the MS of exemption.
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vat4sme:specification_id | MCC.2904180 |