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Some organizations and individuals cannot reclaim VAT. In that case, an invoice without VAT is often more beneficial. The 21% VAT rate is then waived, but the participation fee will increase with 10%. The increase of the participation fee is necessary because YEARTH Academy cannot reclaim all VAT on the purchase costs with a VAT-exempt invoice.

For whom is VAT exemption attractive

• Individuals.
• Medical, social and cultural organizations.
• Banks and insurance companies.
• Government agencies.
• Educational organizations.

VAT exemption in brief

Can you or your employer reclaim VAT? Then you can opt for an invoice with VAT. Is it not possible to reclaim VAT? Then an invoice without VAT is usually cheaper due to the 10% increase of participation fee.

How does VAT exemption work?

Situation 1: you can reclaim VAT

For a participation fee of € 1,000, you pay 21% VAT. You can reclaim that amount (€ 210,-) from the tax authorities. The total investment therefore remains € 1,000. If you do opt for a VAT-free invoice, you pay € 1,100 because of the VAT-free surcharge. So for you it is more expensive.

Situation 2: you cannot reclaim VAT

For an invoice with VAT, you pay €1,210. You cannot reclaim the € 210 VAT. If you choose an invoice without VAT, you pay € 1,100. Because an invoice without VAT is € 110 cheaper, this is the most beneficial choice for you.