The Council Implementing Decision to authorize the Czech Republic’s continued derogation from Article 287 of the VAT Directive (2006/112/EC) regarding its VAT registration threshold was published in the Official Journal of the EU on 2 June 2022. The decision authorizes the Czech Republic to increase its VAT registration (exemption) threshold to the national currency (CZK) equivalent of EUR 85,000 at the conversion rate on the day of its accession to the EU. The decision applies until 31 January 2024. Further authorization beyond 31 January 2024 will not be needed considering that with effect from 1 January 2025, all EU member states are authorized to implement a VAT threshold of up to EUR 85,000 as provided by Council Directive (EU) 2020/285.
Source Orbitax
