Bulgaria raises VAT registration threshold
- 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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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 can be contacted at: richard.asquith@avalara.com. 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.
