The 6 million dinar limit refers to the calendar year, meaning that on the first day of each new year, the limit is reset, and the revenue calculation starts from the beginning. This fact often causes confusion, as there is also another limit of 8 million dinars, which is viewed differently – it takes into account the last 12 months, regardless of the calendar year. This means that the turnover for the past 12 months is analyzed at any given time, while the 6 million dinar limit only considers the turnover within the current year.

What to do when an entrepreneur exceeds the 6 million limit?

When an entrepreneur exceeds the 6 million dinar revenue threshold, they are required to notify the Tax Administration using the PPDG 1R form. After submitting this notification, the Tax Administration issues a decision obligating the entrepreneur to maintain business records. The period in which the entrepreneur must start this obligation depends on when the limit is exceeded. If the threshold is exceeded in the first half of the year, the obligation to maintain records begins on July 1 of the current year. However, if the limit is exceeded in the second half of the year, the obligation to maintain records comes into effect on January 1 of the following year.

For many entrepreneurs, this can be an important turning point in their business, as the transition to maintaining business records brings additional obligations but also opportunities for business optimization. This is why it is important to be informed in a timely manner and prepared for the changes that come with the new tax treatment.

If you have any doubts about this or other accounting and tax issues, you can contact us for consultations. Our team will help you adapt to the new obligations and take advantage of all the opportunites.

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