The European Commission has published a proposal for a Council Implementing Decision dated 3 August 2017 to authorize Lithuania's derogation from Article 287 of the VAT Directive (2006/112/EC) by maintaining the VAT registration threshold at EUR 45,000. The authorization is to apply until the earliest of 31 December 2020 or the entry into force of a Directive amending the provisions of the VAT Directive on a special scheme for small enterprises.
The EUR 45,000 threshold was set as a convers…