Introduction of deferred import VAT and increased registration threshold

• Bulgaria has published a new law on amendments and supplements to the Value Added Tax Act.
• The changes will come into effect from 1 January 2024.
• One of the main changes is the introduction of a regime for deferred payment of VAT in case of centralized clearance.
• There will also be an increased registration threshold for VAT from 2025.

Source: orbitax.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.