What are thresholds and how are they determined?

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What are thresholds and how are they determined?

VAT/GST thresholds are manifold. They differ substantially per jurisdiction, and apply in different situations. For example (but not limited to), worldwide there are VAT/GST registration thresholds, thresholds for exoneration from VAT/GST filing, thresholds for distance selling and intra-Community acquisitions (EU only)[1] and thresholds for recovering input VAT/GST (particularly for foreign businesses).

References

  1. , ' <http://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/traders/vat_community/vat_in_ec_annexi.pdf> (December 2015)

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Bertjan Janzen
Tax Partner
PwC
Tim Kok
Senior Manager Indirect Taxes
PwC
Ad van Doesum
VAT Adviser / Professor
PwC / Universiteit Maastricht
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