Bulgarian Parliament Considering Draft Bill to Implement EU Small Business Scheme for Cross-Border Supplies and VAT Registration Threshold Change

Bulgaria's National Assembly (parliament) is considering a draft bill submitted on 2 December 2024 for amendments and supplements to the Value Added Tax Act. This includes measures for the implementation of the EU small business scheme for cross-border supplies, allowing small businesses in one EU Member State to benefit from VAT exemptions in other EU Member States if supplies in other States do not exceed the respective domestic thresholds and total supplies in the EU do not exceed EUR 100…