- Bulgarian National Assembly accepted Bill No. 49-302-01-64 for consideration
- The bill aims to amend the VAT law to align with EU directives and CEU decisions
- Measures in the bill include removing the requirement for non-EU entities to designate an accredited representative for VAT registration
- New thresholds for mandatory and voluntary registration for small businesses will be introduced from Jan. 1, 2025
- Deferred payments of VAT on imports in cases of centralized import clearance will be allowed
- Rules for adjusting initially deducted tax credit in cases of destruction will be established
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
