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
Latest Posts in "Bulgaria"
- Draft Bill Raises Mandatory VAT Registration Threshold for Small Businesses
- Planned VAT Amendments to Cut Tax on Basic Food and Beverages
- Bulgaria SAF-T 2026: Mandatory Reporting Guide & Compliance Roadmap
- European Court T-84/26 (Rotex Europe) – Order – No physical‑presence condition for pre‑registration VAT deduction
- ECJ C-193/26 (St. Kliment Ohridski Primary Private School II) – Questions – VAT exemption for private education: compulsory curriculum vs. optional lessons
