Austria VAT registration threshold rise
- Oct 2, 2019 | Richard Asquith
Austria is proposing to increase its VAT registration threshold from €30,000 to €35,000 from January 2020. Non-resident businesses must VAT register on their first sale, and do not benefit from this threshold.
The change is part of the draft tax reform bill which was approved by the lower house of parliament last week. It now moves to the upper house. Other VAT measures within the bill include:
- Implementation of the ‘four quick fixes’ to the EU VAT regime, including: chain supplies requirement clarifications; call-off stock rules; proof of transport of goods on cross-border zero-rating; and proof of VAT registration for counterparties on intra-community transactions
- Harmonisation of e-book VAT rate with the reduced 10% VAT rates applied to paper-based books
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