Understanding VAT registration thresholds is essential for businesses operating in or expanding into the EU. These thresholds determine when a business must register for VAT in a specific EU member state, varying significantly across countries. The EU has harmonized thresholds for distance selling, but domestic sales and specific sectors have their own rules. The One-Stop-Shop (OSS) system simplifies VAT compliance for cross-border e-commerce, but exceeding thresholds necessitates VAT registration in relevant countries. Businesses must monitor sales carefully and consult professionals to ensure compliance and avoid penalties.
Source: vatcompliance.com
Click on the logo to visit the website
