Austria’s Proposal to Raise VAT Registration Threshold to €42,000

• Austria plans to increase the VAT registration threshold from €35,000 to €42,000
• The change is part of the 2024 Tax Amendment Act
• The adjustment is in response to inflation and aims to include more microbusinesses in the VAT scheme
• This is part of an EU-wide movement to include more businesses in the VAT scheme by 2025

Source: fiscal-requirements.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.