Proposal for Council Implementing Decision Published to Approve Increase in Hungary's VAT Registration Threshold

A proposal dated 21 June 2018 has been published for a Council Implementing Decision to authorize Hungary's derogation from Article 287 of the VAT Directive (2006/112/EC) by increasing the VAT registration threshold to an equivalent in national currency of EUR 48,000 (~HUF 12 million) from 1 January 2019. The authorization is to apply until the earlier of 31 December 2021 or the date from which EU Member States are to apply any national provisions that they are required to adopt in the event…