Bulgaria Proposes Higher Threshold for VAT Registration
The government has proposed a bill introducing amendments to the Value Added Tax (VAT) Act. If the proposal is approved, the threshold for mandatory VAT registration will be increased to BGN 166,000 (approximately EUR 85,000) as from 1 January 2022. The current threshold has been set at BGN 50,000 (approximately EUR 26,000).
The full text of the proposal, issued on 28 April 2021, is available here (in Bulgarian only).
As a next step, the parliament will vote on the proposal. Further developments will be reported when they occur.