Who can join the Flat-Rate Scheme?

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One of the least considered aspects, generally, among those who decide to open a VAT number in the Flat-Rate Regime are those related to the company's operations, that is, all those simplifications that relieve the VAT number of many fiscal and bureaucratic duties.

In fact, there are many bureaucratic and fiscal benefits that make the Flat-Rate Regime "lighter" and easier to manage for both the entrepreneur/professional and the accountant, who generally applies lower fees to assist this type of activity.

The concessions that are of most interest to this area concern cambodia email list paperwork . Flat -rate taxpayers are not required to draw up and maintain accounting records, VAT registers and most tax returns. Flat-rate taxpayers, therefore, have obligations related to these aspects that are much fewer (you will find a detailed list below) than companies in the Analytical Regime.

PRO TIP
From 1 July 2022, all VAT numbers in the flat-rate regime with revenues exceeding €25,000 are required to issue electronic invoices. From 1 January 2024, the electronic invoice obligation will extend to all VAT numbers regardless of revenues or the regime they belong to.

Only individual VAT numbers, even in combination with a pension or an employee job, who carry out a professional activity (registered, with/without cash, and self-employed) or an entrepreneurial activity (traders, artisans, individual and family businesses) and who respect all the limits imposed by the legislation, can join the Flat-Rate Regime.

Even individuals who already have a VAT number in the Analytical Regime (revenues - costs) can switch to the Flat-Rate Tax, provided they are natural persons and comply with the various limits of the Regime.

But what are the limits of the Flat-Rate Regime?