What is a VAT registration threshold and why does it exist?
The Value Added Tax (VAT) registration threshold is the amount of income above which a business must register for VAT. It exists so that small businesses or businesses just starting do not have to worry about the administrative burden of VAT compliance. This is one of the ways countries try to make it easy to start a business or to run a small business. Excluding small businesses from the VAT system also helps tax authorities as they can focus their resources on larger businesses that generate the bulk of governments’ VAT income.
- Distance Sales
- VAT Registration Thresholds, as of 2023
- Getting VAT Registered in the EU is Hard
- How Fonoa can help
Source: www.fonoa.com
Click on the logo to visit the website
Latest Posts in "European Union"
- Comments on ECJ C-535/24 (Svilosa) – VAT Deduction on Recovery Actions Not Considered Taxable Service
- CJEU Case C-726/23: Arcomet Towercranes Decision Clarifies Intra-Group VAT and Transfer Pricing Rules
- EU and Morocco reach agreement to extend preferential tariff treatment to Western Sahara
- Comments on ECJ C-436/24 (Lyko) – Loyalty programs and VAT: AG’s opinion in Lyko case brings new perspectives
- EU States Move Early on €2 Customs Fee
