- Austria is proposing to increase its VAT registration threshold from €35,000 to €42,000
- The proposal is part of the 2024 Tax Amendment Act
- The increase is in response to inflation and to include more micro businesses in the VAT net
- Public consultation on the proposal ends on 17 May 2024
- Other countries like Italy and Sweden have also increased their VAT thresholds
- A new EU small company scheme VAT threshold will come into place in 2025
Source: vatcalc.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.
