The VAT exemption threshold increase will take effect on 1 July 2018. Individuals and small undertakings registered under Article 11 whose annual turnover does not exceed €20,000 are exempt from charging VAT.
This threshold has been officially increased by the Minister for Finance in the 2018 Budget speech by €6,000. Unless renewed, Legal notice 163 of 2018 expires by 31 December 2020.
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