- Increase of the national turnover threshold for small businesses according to § 6 Abs 1 Z 27 UStG to EUR 42,000.00 (previously EUR 35,000.00).
- Once the national turnover threshold is exceeded, the small business exemption no longer applies. If the threshold is exceeded by no more than 10%, the tax exemption will not be lost during the year, but can still be claimed until the end of the current calendar year.
- Introduction of a new (EU) small business regulation for foreign (EU) entrepreneurs. The EU small business exemption can be applied if the total EU turnover in the previous and current year does not exceed EUR 100,000.00 and the national turnover threshold of EUR 42,000.00.
- The change will take effect on January 1, 2025.
Source: info.leitnerleitner.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.
