Proposal for Council Implementing Decision Published to Extend Authorization of Estonia's Increased VAT Exemption Threshold

A proposal for a Council Implementing Decision was published on 20 January 2021 that would extend the authorization for Estonia to derogate from Article 287 of the VAT Directive by allowing Estonia to continue to exempt from VAT taxable persons whose annual turnover is no higher than EUR 40,000. Subject to approval, the Decision would authorize Estonia to continue to apply the increased thresholds until 31 December 2024 (current authorization expired 31 December 2020).