As part of the SLIM VAT 3 package the Ministry of Finance wants to raise the small taxable person sales limit from 1 200 000 euro to 2 000 000 euro. As a result, more taxable persons would be able to report using the cash method and on a quarterly basis. Those are not, however, the only simplifications. Among others, the requirement to issue advance invoices would be lifted.
More details available in our Alert.