Belgium's Federal Public Service (SPF) Finance has issued a notice on the VAT exemption regime for small businesses. The notice provides that if a taxpayer is operating under the normal VAT regime and their turnover subject to VAT did not exceed EUR 25,000 in the 2021 calendar year, they may opt for the exemption regime, provided certain other qualifying conditions are met. For this purpose, taxpayers with turnover not exceeding EUR 25,000 will be receiving a letter in May 2022 that provides…