- Bulgaria’s National Assembly is considering a draft bill submitted on 2 December 2024 to amend the Value Added Tax Act, which includes implementing the EU small business scheme for cross-border supplies.
- The scheme allows small businesses in one EU Member State to benefit from VAT exemptions in other EU Member States if their supplies in other States do not exceed the domestic thresholds and their total EU supplies do not exceed EUR 100,000.
- The draft bill proposes changing Bulgaria’s VAT registration threshold to an annual turnover of EUR 85,000, aligning with the scheduled increase from BGN 100,000 to BGN 166,000 (approximately EUR 85,000) from 1 January 2025.
Source Orbitax
