Decree 277 gazetted: Increase of the VAT registration threshold from BGN 100.000 to BGN 166.000 as of Jan 1, 2025.
§ 7. Amendment in Art. 96, para. 1: “BGN 100,000” is replaced by “BGN 166,000”.
§ 8. Amendments and additions to Art. 102:
1. In para. 4, “BGN 100,000” is replaced by “BGN 166,000”.
2. Paragraph 5 is repealed.
3. New paragraphs 6 – 12 are added:
– Para. 6 allows the cancellation of issued documents without charged tax and issuance of a new invoice with separate indication of tax.
– Para. 7 outlines the procedure for charging tax when a new invoice is not issued.
– Para. 8 specifies the reporting requirements for taxable supplies not documented with an invoice.
– Para. 9 addresses the charging of tax for received taxable supplies.
– Para. 10 exempts tax for supplies specified in Art. 163a, para. 2.
– Para. 11 stipulates interest payment for overdue taxes.
– Para. 12 allows the recipient to exercise the right to deduct a tax credit under certain conditions.
Source parliament.bg
