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Austria plans to increase the VAT registration threshold.
Summary
Austria is considering a revision to its VAT registration threshold as part of the 2024 Tax Amendment Act. The proposed change would elevate the threshold from the current €35,000 to €42,000.
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This adjustment is being made in an effort to respond to the effects of inflation and aims to encompass a greater number of microbusinesses within the scope of VAT.
This is part of an EU-wide movement to include more businesses in the VAT scheme by 2025.
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