October 10 2019

Intrastat thresholds for 2020 announced

Source: IBFD Tax Research Platform News

Report from our correspondent Dr Svetlin Krastanov, Tax Manager, PwC Bulgaria

On 3 October 2019, the director of the National Statistical Institute issued an order regarding the Intrastat thresholds and their statistical values for 2020.

Thresholds for Intrastat reporting are:

  • BGN 290,000 (currently BGN 280,000) for dispatches; and
  • BGN 470,000 (currently BGN 460,000) for arrivals.

Thresholds for declaring statistical value are:

  • BGN 15,800,000 (currently 14,400,000) for dispatches; and
  • BGN 7,600,000 (currently BGN 7,400,000) for arrivals.

The threshold for simplified reporting of single low-value transactions will remain the same, i.e. BGN 390.