EU CNCL Estonia SME VAT Threshold
On Feb. 26, EU CNCL issued decision extending VAT derogation.
- EU Council published decision 2021/358 of Feb. 22, 2021 amending Dec 2017/563.
- Authorized Estonia to continue applying a measure derogating from VAT directive.
- Exempted from VAT taxable persons whose annual turnover is no higher than €40 000.
- Measure had been due to expire on Dec. 31, 2020, was extended to Dec. 31, 2024.
- Effectiveness
- Applied from Jan. 1, 2021 to Dec. 31, 2024.
| Regulators |
EU CNCL
|
| Entity Types |
Auditor; Corp |
| Reference |
OJ 69/4, 2/26/2021; Dec 2021/358, 2/22/2021; Dec 2017/563; Dir 2006/112 |
| Functions |
Accounting; Compliance; Financial; Legal; Tax |
| Countries |
Estonia; European Union |
| Category |
|
| State |
|
| Products |
Corporate |
| Regions |
EMEA |
| Rule Type |
Final |
| Rule Date |
2/26/2021 |
| Effective Date |
12/31/2024 |
| Rule Id |
99448 |
| Linked to |
N/A
|
| Reg. Last Update |
2/26/2021 |
| Report Section |
EU |
Last substantive update on 03/04/2021
