- Updated VAT FAQs address nonresident online platforms.
- Mandatory VAT registration applies if transactions exceed 50,000 euros/year or goods acquired in the EU exceed 10,000 euros/year.
- Registration applications must be filed electronically in the Tax Agency’s system.
- Voluntary VAT registration is possible for certain cases, including when using free nonresident platforms or for EU-registered payers below the threshold.
- Real estate rental providers must keep evidence of VAT paid by platforms, and double VAT payment is no longer required.
Source: news.bloombergtax.com
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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