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
January 2025: annual sales threshold for mandatory VAT registration increases from €35,000 to €50,000 Luxembourg has proposed increasing the annual threshold for Value Added Tax registration in January 2025 from €35,000 to €50,000. The Bill 8406 to implement is now in the Chamber of Deputies.
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
2025: Small company VAT thresholds; online events VAT rules; and VAT rate freedoms The 27 member states of the European Union are expected to implement three major changes to their VAT rules by 1 January 2025. These exclude the proposed EU VAT in the Digital
Annual threshold for compulsory VAT registration increases to £90k from £85k The first rise in the UK VAT registration threshold in over eight years was announced today in the UK Budget. The threshold will rise to £90,000 from the current £85,000. This was set in
Annual VAT registration threshold rises to BAM 100,000 The Bosnian and Herzegovina parliament has approved an increase in the annual VAT registration threshold. The new threshold will be BAM 100,000 (approximately €51,050 ), doubling form BAM 50,000. The registration threshold only applies to resident businesses.
EU grants derogation for rise in threshold to reduce administrative burden for small taxpayers and authorities Hungary has been given permission by the EU to raise its VAT registration threshold from the Forint equivalent of €48,000 to €71,500 per annum. This would be one of
2025 VAT in the Digital Age build on OSS returns for services The EU e-commerce VAT package on 1 July 2021 simplified VAT on distance selling of goods with the new One-Stop-Shop OSS VAT return. The VAT in the Digital Age reform pillar on Single
Withdrawal of CHF100,000 distance selling VAT registration threshold Switzerland is to follow the EU and many other countries by ending the VAT registration threshold for non-resident e-commerce sellers to consumers. The current threshold is CHF100,000 for all global income – so not just Swiss taxable
EC paves way for increase from €65,000 to €85,000 from 1 January 2023 taking over 63,000 taxpayers out of the VAT regime The European Commission and European Council (20 Feb 2023) have backed Italy to increase its VAT registration threshold from €65,000 to €85,000 per annum.
