According to Decision no.576 dated July 22th, 2020, published in the Official Gazette no.139 of 2020, starting from January 2021, the VAT registration turnover threshold is increased to 10 million ALL (about 81,000 EUR) for all business categories. All businesses with an annual turnover not exceeding the 5 million ALL will be considered to be outside the VAT regime. Businesses with a turnover between 5 and 10 million ALL may choose to be subject to VAT on a voluntary basis.
The previous VAT threshold was 2 million ALL (about 16,000 EUR). Freelancers subject to VAT are subject to the same threshold (10 mil ALL) as of 2021.
Source: eurofast.eu
