The Federal Parliament adopted this Thursday in plenary session two measures from the SME Plan put forward by the Minister for the Self-Employed, SMEs and the Middle Classes, Eléonore SIMONET.
These decisions aim to reduce the administrative burden on entrepreneurs and support the development of small businesses.
VAT exemption: gradual increase of the turnover threshold from €25,000 to €30,000
Parliament has approved the gradual increase of the VAT exemption threshold, which will rise from €25,000 to €30,000.
This measure will allow a greater number of small businesses to benefit from the exemption scheme, exempting them in particular from the obligation to file periodic VAT returns. The result: a significant reduction in administrative procedures, time savings and lower management costs.
The current threshold of €25,000 was also holding back the growth of certain self-employed workers, who deliberately limited their turnover in order to avoid falling under the normal VAT scheme. Raising it will therefore encourage the growth of small businesses.
This measure will directly benefit small self-employed workers, self-employed people in a secondary occupation, start-ups, and certain specific sectors, notably the agricultural sector, which had long called for this adjustment.
It should also be recalled that this ceiling had not been indexed since 2015.
The increase will be implemented gradually, in steps of €1,000 per year starting in 2027: the threshold will rise to €26,000 in 2027 and reach €30,000 in 2031.
Administrative simplification for the liberal professions
Parliament has also adopted a measure to simplify administrative procedures for the liberal professions.
People practising a liberal profession, function or office will no longer be required to keep a receipts book or a record of income and expenses.
Only the obligation to issue receipts remains in place for medical and paramedical liberal professions.