The decision allows Bulgaria to enact VAT exemptions for small businesses with yearly income up to EUR 51,130 in derogation from Article 287 of Directive 2006/112/EC on the common system of value-added tax. This results in a drop in VAT revenue collection in Bulgaria of about 1%. However, it will not have a substantial impact on the overall amount of VAT income or the total amount of tax revenue received during the final consumption
Source: GVC
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