Belgium's Federal Public Service (SPF) Finance has issued a notice on opting for the VAT exemption for small businesses. The notice clarifies that small businesses may opt for the exemption if their turnover subject to the normal VAT regime does not exceed EUR 25,000 euros in the past calendar year and certain other conditions are met. In this respect, businesses that met the turnover condition in 2023 will receive a letter on applying for the exemption regime and additional conditions in Ma…