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Proposal for Council Implementing Decision Published Authorizing Finland to Increase VAT Exemption Threshold

|Proposed Changes|European Union-Finland
European Union-Finland

A proposal for a Council Implementing Decision was published on 7 May 2020 that would authorize Finland to derogate from Article 287 of the VAT Directive by allowing Finland to exempt from VAT taxable persons whose annual turnover is no higher than EUR 15,000, an increase from Finland's current general exemption threshold of EUR 10,000. Subject to approval, the Decision would authorize Finland…

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