Bulgaria raises VAT registration threshold
- EU VAT
- Jun 9, 2019 | Richard Asquith
Bulgaria is considering raising its VAT registration threshold. The current threshold will rise from BGN 50,000 to BGN 100,000 sales per annum. The new threshold will apply 1 January 2019.
In addition, it is a proposed a new reduced VAT rates of 5% will be introduced. This will apply basic foodstuffs. The standard VAT rate in Bulgaria is 20%, and there is one reduced VAT rate is 9%.
Need help with your Bulgarian VAT compliance?
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.
Latest Bulgarian news
January 25, 2019
The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies. The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states.
January 22, 2019
Bulgaria is to introduce a deferred import VAT scheme on 1 July 2019. Details of the new regime were transposed into the Regulation for the Application of the VAT Act on 8 January 2019.
January 09, 2019
The EU VAT Directive has been updated from 1 January 2019 to introduce a voluntary generalised reverse charge measure on domestic transactions in member states.