- Bulgaria’s Ministry of Finance opened a consultation on draft VAT regulation amendments.
- Proposes a 0% VAT rate (with VAT credit) for certain defense-related goods/services funded by the EU SAFE instrument due to the Russia-Ukraine conflict.
- Introduces application/report templates for small enterprise regime users.
- Clarifies VAT registration threshold calculations regarding distance sales and exempt real estate supplies.
- Requires daily monitoring of EU and Bulgarian turnover for small enterprise regime taxpayers.
- Regulation to take effect upon promulgation; comments due by March 12.
Source: news.bloombergtax.com
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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