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Bulgaria lowers Intrastat thresholds

  • Dec 28, 2016 | Richard Asquith

Bulgaria lowers Intrastat thresholds

Bulgaria is to lower the reporting threshold for Intrastat filings from 1 January 2017.

The new threshold for reporting arrivals of goods from other EU member states will be BGN 410,000, down from BGN 460,000 per annum. The dispatches threshold will also drop from BGN 260,000 to BGN 240,000 per annum.

Intrastat is the monthly filing listing the movement of goods from one member state to another. It includes sales of goods to foreign customers, but also the movement of goods by companies between stock warehouses.

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Researching Bulgarian VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.