Small business VAT scheme (KOR / franchise)

Most EU countries offer a small-business exemption: below a turnover threshold you do not charge VAT and do not file periodic VAT returns (you also cannot deduct input VAT). In Belgium the franchise threshold is €25,000; the Netherlands has the KOR.

Invoices under the scheme must carry a specific exemption mention. Eurobillr supports the exempt VAT regime and prints the correct wording.