EU Council approves doubling of annual threshold for VAT compliance from 1 January 2023 The Council of the European Council has agreed to the Bulgarian plan to double the annual VAT registration threshold from 1 January 2023. It will rise from the current BGN 50,000
Continued freezing of UK VAT registration threshold at £85,000 until April 2026 draws in 16,700 small businesses into tax net Today’s UK Autumn Statement (budget) will extend the VAT threshold at £85,000 for a further two years until at least April 2026. This means the
2023 Budget hike VAT threshold and other measures The Caribbean islands state of Trinidad & Tobago is to increase its Value Added Tax registration threshold. It will increase from TT$500,000 to TT $600,000 (approx. €90,000) per annum. In addition, there are new VAT exemptions for
Increase in resident VAT registration threshold for intra-community acquisitions of goods Lithuania is to increase the VAT registration threshold for resident businesses who are only acquiring goods from other member states under the reverse charge from €14,000 to €30,000. This will come into effect from
Doubling of annual threshold for VAT compliance from 1 January 2023 The Bulgarian parliament has agreed to double the annual VAT registration threshold from 1 January 2023. It will rise from the current BGN 50,000 (approx. €25,600) to BGN 100,000 (approx. €51,300). They estimate that
Doubling of the registration threshold to lift thousands of business out of the VAT net The Czechia government has put forward a Bill to double the VAT registration threshold from CZK 1 million to CZK 2 million (about €85,000) per annum. The Czech Republic was been
Doubling of the registration threshold to lift thousands of business out of the VAT net The Czech Republic (Czechia) has been given permission by the European Commission (and European Council) to raise its VAT registration threshold. It will increase from CZX 1 million to the
Questions around marketplace deemed supplier obligation as part of VAT in the Digital EU review Following the ending of the public consultation of the EU VAT in the Digital reforms, a number of issues remain around the proposed full liability model being considered for the platform
VAT registration thresholds and Intrastat dispatches and arrivals The table below provides the latest European VAT registration thresholds for resident and non-resident (foreign) businesses, plus Intrastat reporting threshold. Note, the EU e-commerce distance selling thresholds were withdrawn on 1 July 2021. There were a number
Kyrgyz Republic quadruples threshold to take many businesses out of VAT obligations The Central Asian state of Kyrgyzstan has raised its Value Added Tax registration threshold from to KGS 30million (approx €285,000 or $315,000) from KGS 8 million. This has been retrospectively imposed from 1
