Slovak Parliament Considering Increase in VAT Registration Thresholds

The Slovak parliament is considering a draft bill that would increase the VAT registration thresholds. In particular, the EUR 50,000 threshold requiring registrations from 1 January of the following year would be increased to EUR 83,000, and the EUR 62,500 threshold requiring immediate registration in the current year would be increased to EUR 85,000. Further, the EUR 50,000 threshold for deregistration would be increased to EUR 85,000. Lastly, rules are provided for a simplified deregistrat…