As from 1 January 2020, Croatia would like to increase the threshold set for their optional “cash accounting” scheme to HRK 7 500 000 (approximately EUR 1 000 000). Croatia therefore requests a consultation of the VAT Committee.
The European Commission recently published the VAT Committee’s Working Paper No. 984 on cash accounting.
The Working Paper was released with regard to the consultation initiated by Croatia in connection with increasing the threshold for the application of the cash accounting scheme, which would exceed the threshold provided by article 167a of the EU VAT Directive 2006/112. In the Working Paper, the VAT Committee invites Croatia and other Member States to submit their opinions on this matter.