Government accepts Bill to increase VAT registration thresholds starting January 1, 2023

Increase the mandatory annual VAT registration threshold in two phases to: 

• Effective 1 January 2023 – BGN 100,000 (approx. EUR 51,300) 
• Effective 1 January 2024 – BGN 166,000 (approx. EUR 85,000) 

Currently, the VAT registration threshold in Bulgaria is BGN 50,000 (roughly EUR 25,500)

Source GVC