Increase in annual sales threshold from €35,000 to €42,000 Following a May consultation, the 2024 Tax Amendment Act has been gazetted and entered into effect on 20 July 2024. It includes an increase its Value Added Tax registration threshold from €35,000 to €42,000. The rise
New VAT registration portal for non-resident providers of e-services The Azerbaijan Ministry of Economy State Tax Service introduced Value Added Tax liabilities on providers of B2C digital services to consumers on 1 January 2017. Currently, there is not an obligation to VAT register as the
Switch from 17% standard rate to 8% reduced rate from January 2025 Luxembourg is to join many EU states by providing works of art with the reduced VAT rate tax break. This follows the German art VAT cut to 7% in January 2025. Luxembourg’s government
New Council of EU president plays down expectations on quick agreement on ViDA reforms; deep political issue add to likely delays The incoming rotating president of the Council of the EU, Hungary, is set to make little progress in resolving last disagreements on the EU
Portugal to joins 19 other EU member states with VAT group simplification option January 2025 Portugal is to introduce the option for related taxpayers to join under a single VAT number for reporting and exempt intra-group invoicing – ‘VAT group’. The measure was proposed on
Annual sales threshold for mandatory VAT registration revised France is updating the compulsory VAT registration threshold. This is a process undertaken every three years. The thresholds are as follows: 2025: Goods €85,000 Services: €37,500 2024: Goods €91.800 Services: €36,800 2023: Goods €85,800 Services: €34,400 There
End of inflation spike means 2022 temporary zero-rating to be phased out The Spanish temporary zero-rating of bread, flour, certain types of milk, cheeses, eggs, and fruits, vegetables, legumes, tubers, and cereals is to be phased out as inflation returns from a 10.8% 2022 peak
Taxis and takeaway beverages to remain at 13%; onsite beverages returns to 24% The Greek Ministry of Finance has confirmed that the COVID temporary VAT rate of 13% on taxis and takeaway or delivery non-alcoholic beverages will now be permanent. They were due to return
