Amendments to the VAT Tax Act – Registration threshold, VAT scheme SME’s, VAT groups

• The draft bill proposes amendments to the Value Added Tax Act,
• including increasing the VAT registration threshold to EUR 60,000,
• implementing a new VAT scheme for small businesses in line with EU Directive (EU) 2020/285, and
• introducing new rules for VAT groups to streamline administrative processes.
• If approved, the measures will take effect from 1 January 2025.

Source Orbitax

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