Hungary has received permission to introduce an VAT registration threshold for businesses of HUF 12 million from 1 January 2019. This is approximately €48,000, based on the fixed exchange rate applied at the time of Hungary joining the EU in 2004.
VAT news tagged as "VAT registration threshold"
Hungary is proposing to raise its VAT registration threshold from €35,000 to €48,000 per annum. The European Commission is being consulted. The new threshold will apply from 1 January 2019.
Malta has increased its VAT registration threshold for the provision of services from €14,000 to €20,000 per annum. The threshold for the supply of taxable goods has been raised to €17,000 from €12,000.
Romania is to increase its VAT registration threshold. From 1 January 2021, it will rise from €65,000 to €88,500 per annum.
Romania has introduced a retrospective rise in its VAT registration threshold for resident businesses. From 1 January 2018, it was increased from €65,000 per annum to €88,500 per annum. The European Commission last year authorised Romania to implement the rise as a variation on the Article 287 rules of the EU VAT Directive.
Ethiopia raised its VAT registration threshold from 20 February 2018. The new level is ETB 1million – previously ETB 0.5m. VAT is currently levied at 15%. Non-residents must also register if providing services. Otherwise, they are only liable to register if they have a permanent establishment in the country.
Moldova has increased the threshold above which businesses must register for VAT. The businesses must then charge and remit VAT at 20%. For 2018, the new annual threshold will be MDL 1.2 million – previously MDL 0.6 million.
Madagascar’s 2018 Finance Act has reduced the VAT registration threshold. The old threshold of MGA 200million is now cut to MGA 100million. Above this threshold, enterprises must VAT register and charge customers VAT.
The Croatian Ministry of Finance announced a rise in the VAT registration threshold from 1 January 2018. The current annual threshold rose from HRK 230,000 to HRK 300,000. Any resident business providing taxable services above this amount will have to VAT register and charge and remit local VAT. Non-resident businesses will have to VAT register …
Switzerland cuts its standard VAT rate from 8% to 7.7% E-books moves to reduced 2.5% VAT rate Extension of VAT registration threshold calculation to bring in 30,000 non-resident businesses into tax net Switzerland cuts its VAT rate from 8% to 7.7% on the 1 January 2018 The 8% VAT rate was set as a temporary measure between 2011 …