On December 3, 2024, the Ministry of Finance submitted the proposals and unveiled the intention to develop the bill for amending the VAT Act.
The Ministry is considering:
- the abolishment of the 1,000 EUR threshold for declaring transactions[1] and
- the introduction of mandatory e-invoicing for all VAT-subjected B2B transactions.
The bill expected to be drafted in 2025 might come into effect in 2027.
In the meantime, as previously reported by Pagero, all businesses registe…