Bulgaria Considers VAT Act Amendments to Comply with EU Directives and CJEU Decisions

The Bulgarian National Assembly considered Bill No. 51-402-01-10 on December 2
The bill aims to amend the VAT Act to comply with EU directives and CJEU decisions
Key measures in the bill include establishing a special VAT regime for small businesses
It proposes a VAT exemption for small businesses with annual turnovers up to 85,000 euros locally or 100,000 euros EU-wide
The bill seeks to apply new rules for live internet broadcasts and virtual access services
It includes a special procedure for imposing import tax on investment projects
The bill also addresses taxable income calculations for secondhand goods and general tourist services
The proposed changes are set to be effective from January 1, 2025

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.