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%.
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