VAT entry threshold lifted to 50.000 EUR – from April 1st 2013 on

VAT entry threshold will be lifted to 50.000 EUR (from current 25.000 EUR) from April 1st 2013 on. Taxable persons with yearly turnover up to 50.000 EUR will thus be able to identify themselves for VAT purposes or not, depending on their financial calculations, administrative costs and other individual factors, affecting their decision.

Combining entrepreneurial friendly proportionate taxation, enforced in 2013, small entrepreneurs can significantly cut their administrative costs and deincrease taxation risk of their operations. For futher info please contact our office.

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