Hello
I am examining the Romanian micro company for a business that offers ZOOM online sessions (consultancy, remote lessons etc) to individual (not business) clients all over the world.
I was told that the VAT threshold is 60.000 euros. ie if the yearly revenue is bellow 60.000 euros, the micro-company does not need to register for VAT. Is this correct?
In a direct analogy, the VAT threshold for this kind of business in Estonia is 40.000 euros.
Are the above correct?
I am examining the Romanian micro company for a business that offers ZOOM online sessions (consultancy, remote lessons etc) to individual (not business) clients all over the world.
I was told that the VAT threshold is 60.000 euros. ie if the yearly revenue is bellow 60.000 euros, the micro-company does not need to register for VAT. Is this correct?
In a direct analogy, the VAT threshold for this kind of business in Estonia is 40.000 euros.
Are the above correct?