EU approves Belgium’s rise in registration threshold to €15,000

The Belgian  Ministry of Finance has confirmed that the resident VAT registration threshold will rise from €5,580 to €15,000 turnover per annum.  This follows the approval of the November 2013 request to the European Commission for a change to Belgium’s derogation.

New Belgian VAT registration 1 April 2014

The increase registration threshold comes into effect on 1 April 2014.  I number of supplies cannot benefit from the increased threshold, including:

• New cars
• Real estate sales
• Second hand goods

Italy has also raised its VAT registration threshold.