VAT news tagged as "Registration threshold"


Philippines hikes VAT registration threshold

January 10th, 2018

The Philippines introduced a number of VAT changes on 1 January 2018 as part of a wider tax overhaul. The changes included increasing of the VAT registration threshold to PHP 3million from PHP 1.9million to take thousands of small businesses out of the tax administration net. Once over this limit, businesses must register for VAT …


Swiss cuts VAT threshold for foreign businesses

September 21st, 2017

From 1 January 2018, Switzerland will change the way it calculates the VAT registration threshold for non-resident businesses. Currently, foreign companies or individuals providing taxable supplies in Switzerland only have to VAT register if their Swiss sales exceed CHF100,000.  From 2018, this threshold will be based on total, global income of the business. Mail-order companies …

United Kingdom

UK raises VAT registration threshold

March 8th, 2017

Today, the UK Chancellor announced in the Spring Budget that the annual VAT registration threshold will rise from £83,000 to £85,000.  The deregistration threshold will also be increased from £81,000 to £83.000. The new threshold will apply from 1 April 2017. The threshold only applies to UK resident businesses.  Non-resident businesses, face a nil VAT …


Iceland doubles VAT registration threshold

January 11th, 2017

Iceland has increased the annual taxable sales threshold for VAT registration from ISK1million to ISK2million. This will apply from 1 January 2017. The threshold only applies to resident businesses.  Non-resident businesses selling taxable supplies locally and who have to register face a nil threshold.


Croatia VAT changes

December 24th, 2016

Croatia has moved a number of changes to its VAT Act to come into effect in 2018. These include: The VAT rate will be cut from 25% to 24% from 1 January 2018 The VAT registration threshold for resident companies will be raised from 1 January 2018 to HRK 300,000.  The threshold for non-resident companies …


Italy raises VAT registration threshold for SMEs

September 10th, 2013

The European Commission (EC)has authorised the Italian VAT registration threshold to be raised from Euro 30,000 to Euro 65,000 from the start of 2014. Derogation from EU VAT Directive The EU VAT Directive, which governs the member states’ VAT system, generally offers the scope for countries to raise their VAT registration threshold for resident companies …