- The Budget and Finance Committee of the Bulgarian Parliament approved amendments to the VAT Act at first reading.
- The changes aim to align with EU requirements and reduce administrative burdens.
- The bill introduces special VAT regimes for small enterprises, both domestic and from other EU member states.
- Small businesses with annual turnover below €51,130 in Bulgaria or €100,000 in the EU can benefit from simplified VAT obligations.
- The amendments clarify turnover calculation rules and change the place of supply for certain online services, following an EU directive.
Source: bta.bg
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.
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