VATupdate

Council Implementing Decision Published Authorizing Bulgaria to Increase VAT Registration Threshold

Council Implementing Decision has been published that authorizes Bulgaria’s derogation from Article 287 of the VAT Directive (2006/112/EC) regarding its VAT registration threshold. The decision, dated 14 November 2022, authorizes Bulgaria to increase its VAT registration (exemption) threshold to the national currency (BGN) equivalent of EUR 51,130 at the conversion rate on the day of its accession to the EU.

Source Orbitax

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