- Bulgaria’s Ministry of Finance launched a public consultation on proposed VAT regulation amendments.
- Key changes include a zero percent VAT rate for defense-related supplies under EU SAFE contracts related to the Russia-Ukraine conflict.
- The draft clarifies the calculation of the VAT registration threshold (€51,130), including treatment of distance sales and exempt real estate transactions.
- The regulation will take effect upon promulgation.
- Stakeholders can submit comments until March 12.
Source: globalvatcompliance.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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