VAT news tagged as "VAT registration threshold"


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 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 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 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


China extends VAT registration threshold

November 24th, 2017

China’s Ministry of Finance and the State Administration of Taxation have agreed to extend the current VAT registration threshold till 2020. Currently, the exemption from VAT registration of Yuan 30,000 per month is due to expire on 1 January 2018.  It has now been extended until 1 January 2021.

United Kingdom

UK VAT threshold frozen 2018/19

November 22nd, 2017

The UK Chancellor, Phillip Hammond, today announced in the Autumn Budget that the UK VAT registration threshold will be frozen at £85,000 for the tax years 2018/19 and 2019/20. The freeze will raise approximately £26 million each year. UK highest VAT registration threshold in EU The UK’s current VAT registration threshold of £85,000 per annum is the …


Hungary raises VAT registration threshold

November 14th, 2017

Hungary is planning to raise its VAT registration threshold from HUF8 million to HUF12 million from 1 January 2019.  The threshold does not apply to non-resident businesses, which must register at the time of their first taxable supply. The proposal must be ratified by the European Commission since it is above the threshold agreed at …