Cash registers – Recent amendment in the Bulgarian VAT Act

Bulgaria has made an important amendment to its VAT Act, effective from 1 August 2023.
If a company’s cash available in the cash registers and receivables by certain individuals exceeds BGN 50,000 at the end of each quarter, the company must declare this data separately by the end of the following month.
The declaration must include the amount of cash available in the cash register and the amount of receivables by owners/physical persons, employees, persons employed under management and control agreements or contracts, and accountable persons.