[responsive_menu_pro]

Bulgaria: Government issues Decree on Increasing VAT Registration Threshold

Spread the love

The Bulgarian National Assembly released Decree No. 191, announcing the increase of the threshold for VAT registration.

 

The mandatory increase of the VAT registration threshold for taxpayers supplying VAT chargeable goods covers the zero-rated supplies, financial services, and even insurance services from BGN 50,000 to BGN 100,000. 

 

The increase was announced as part of an anti-crisis package, although it was not included in the package’s main legislation.

 

The adjustment, according to the release, will take effect on the first day of the month after the entry into force of the Council of the European Union resolution permitting Bulgaria to apply the raised threshold, but not before January 1, 2023.

 

 

Source: parliament.bg

Follow us on LinkedIn to keep up with the latest VAT news

Join us!

Subscribe to our monthly newsletter
  • This field is for validation purposes and should be left unchanged.

SUBSCRIBE TO GLOBAL VAT NEWSLETTER

Get the latest VAT information directly in your inbox and stay up to date with all VAT developments around the world.

You have Successfully Subscribed!