- VAT exemptions for small businesses vary from country to country
- Some countries do not have VAT exemptions and taxpayers must register for VAT immediately after making taxable sales
- Minimum VAT thresholds for each country in 2024 are listed
- The thresholds are given in the national currency and their equivalent in euros
- The EU one-stop shop has a threshold of 10,000 euros
- Each country has its own threshold, ranging from 2,000,000 CZK in the Czech Republic to 445,000 RON in Romania
- The UK has a threshold of 85,000 pounds, which is equivalent to 97,560 euros
- The exchange rates used are those published by the European Central Bank on November 14, 2023
Source: taxheaven.gr
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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