- Approval of State Budget Bill: The Bulgarian parliament approved the State Budget Bill for 2025 on March 21, 2025, which includes several key fiscal measures.
- Reduction in VAT Registration Threshold: The legislation mandates a reduction in the VAT registration threshold from BGN 166,000 to BGN 100,000, effective April 1, 2025.
- Context of the Change: This reduction was initially part of a draft bill aimed at implementing the EU small business scheme for cross-border supplies, which faced delays prior to this approval.
Source: Orbitax
