OrbitaxBulgaria Publishes Draft Implementing Regulations on VAT for Transition to Euro, Implementation of EU Small Business Scheme, and Other Changes
|Proposed Changes|Bulgaria
Bulgaria has published Draft Regulations on Amendments and Supplements to the Regulations for the implementation of the Value Added Tax Act. This includes:
- Changes regarding Bulgaria's transition to the euro, including a change in the annual turnover threshold for vat registration from BGN 100,000 to EUR 51,300, along with certain other value conversions to the euro and the removal of referen…