Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian government raises VAT threshold

Photo: library

The Bulgarian government has agreed to change the threshold VAT limit from 2500 to 5,000 euro. The introduction of the reverse charge mechanism of VAT will contribute to the reduction of losses from VAT fraud and on the other hand will limit unfair competition, which is an important support for small and medium enterprises. Also the use of the mechanism of reverse charge leads to a decrease in cash flows and provides additional working capital for the business, as recipients will have no obligation to pay the tax to suppliers.






Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

UPDATED Freight trains collide head-on near Sofia, two people are killed

Two people were killed and five were injured in a head-on collision between two freight trains near Sofia, BNT reported.  The trains collided near the village of Lokorsko, between the villages of Kremikovtzi and Svetovrachene. One of the freight..

published on 1/15/25 5:39 PM

Weather forecast: Cold Thursday morning with daytime highs around and below 0°C

On Thursday morning, visibility will be reduced in some areas in the valleys and around the water bodies. After noon, the cloud cover will break up and decrease. It will be mostly sunny over Eastern Bulgaria. The lowest temperatures will range from..

published on 1/15/25 5:20 PM

The parliamentary majority agreement and what's in it

GERB-SDS, BSP – United Left and "There Is Such A People have signed an agreement outlining the main priorities for the future government, said the press center of GERB-SDS. The parliamentary group of Democracy, Rights and Freedoms – DPS affiliated..

published on 1/15/25 4:59 PM