Bill presented to hike Value Added Tax registration level to take thousands out of tax net; other COVID-19 support Sweden is to increase its Value Added Tax Registration threshold to SEK 80,000 (approx €7,800) per annum from SEK 30,000. Businesses providing taxable supplies below this threshold
The Finance Act of 2022 has introduced a reduction in the annual Goods and Services registration threshold. It has been cut from SSL 350million to SLL 100million (approx €7,800 or $8,720). Other GST changes included: The delayed payment interest charge for GST payments has been
New government aims to stimulate struggling economy by reducing tax and compliance burden for small businesses UPDATE: this proposal has been paused until at least 2023. The new Czech government is aiming to increase the resident VAT registration threshold from CZK 1 million to CZK
Federal Bureau of Revenue brings many more business into tax net Pakistan is set to reduce the annual threshold above which businesses must register for Sales Tax. The new limit will be PKR 8m (approx $45k or €40k) per annum, up from PKR 10 million.
The European Member states have agreed for member states to extend the same VAT registration thresholds enjoyed by domestic businesses to EU taxpayers from other member states (non-resident). The aim is to encourage EU businesses to trade within the Single Market by cutting the costs
Czechia’ Ministry of Finance wants to raise its Value Added Tax registration threshold from CZK 1million to CZK 2million (approx €79,000) from 1 January 2021. This will lift over 100,000 taxpayers out of the VAT regime. The current CZK 1million threshold has been in place
The Bosnia and Herzegovina tax authorities have announced a rise in the Value Added Tax registration threshold and a range of other measures which should come into effect before the end of 2021. Bosnia moves toward European Union VAT regime The changes to the VAT
Government to lift thousands out of VAT net; cuts to supplies on reduced rates The Swedish government has proposed increasing the Value Added Tax registration threshold from SEK 30,000 to SEK 80,000 (approx. €7,900) per annum. In addition, it is proposing to switch a range
The Netherlands is to apply a retrospective Value Added Tax registration threshold of €20,000 per annum. This will apply from 1 January 2020 based on the Decree No. 2021-12740 issues in June 2021. Check EU VAT registration thresholds via VAT Calc’s live tracker. Previously, the VAT
The east African state of Malawi has published its 2021/22 budget which includes a number of Value Added Tax changes. They are effective 1 July 2021. These include The VAT registration threshold is to rise to MWK 25million (approx. €26,000 or $31,000) from MWK 10million
