Article 288 › 1

The annual turnover serving as a reference for applying the exemption provided for in Article 284 shall consist of the following amounts, exclusive of VAT: (a) the value of supplies of goods and services, in so far as they would be taxed were they supplied by a non-exempt taxable person; (b) the value of transactions which are exempt, with deductibility of the VAT paid at the preceding stage, pursuant to Article 98(2) or Article 105a; (c) the value of transactions which are exempt pursuant to Articles 146 to 149 and Articles 151, 152 and 153; (d) the value of transactions which are exempt pursuant to Article 138 where the exemption provided for in that Article applies; (e) the value of real estate transactions, financial transactions as referred to in Article 135(1), points (b) to (g), and insurance and reinsurance services, unless those transactions are ancillary transactions.

← 288 · All articles · 2 →

Source: EUR-Lex CELLAR · retrieved 2026-08-05