The Council of the European Union May 13 issued EU Council Decision No. 8365/2022, approving the EC proposal to authorize the Czech Republic to implement VAT exemptions for small enterprises with annual income of up to 85,000 euros (US$89,351). The measure would remain in effect until Dec. 31, 2024. [European Union, EU Legal Database, 05/13/22]
Reference:
View EU Council Decision No. 8365/2022. View Announcement.
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