VAT news tagged as "VAT registration threshold"

Romania

Romania 2018 VAT registration threshold rise

April 9th, 2018

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

Ethiopia raises VAT registration threshold

March 2nd, 2018

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.


Croatia

Croatia raises VAT registration threshold

January 5th, 2018

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 …


Latvia

Latvia cuts VAT registration threshold

December 6th, 2017

Latvia is to introduce a number of changes to its VAT compliance regime from 1 January 2018. These include: Introducing the domestic reverse charge, to combat VAT fraud, on constructions services, precious metals, certain consumer electronic appliances and sales of games consoles Reduction in the annual VAT registration threshold from €50,000 to €40,000