Podcast in English
Text size
Bulgarian National Radio © 2024 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

Companies from 25 countries take part in 78th International Technical Fair in Plovdiv

The 78th Plovdiv International Technical Fair was opened in Bulgaria’s second largest city. 231 companies - direct producers and sales representatives from 25 countries, are participating in the forum, which will last until September..

published on 9/25/24 2:40 PM

National interdepartmental unit to oversee the fair conduct of elections

Prosecutor General Borislav Sarafov, caretaker Interior Minister Atanas Ilkov and SANS chair Plamen Tonchev signed a joint order to create a national interdepartmental unit for the parliamentary elections on October 27, the..

published on 9/25/24 1:16 PM

PM Glavchev promises fair elections and calls on Bulgarians in Bulgaria and around the world to vote

At a meeting with the Bulgarian community in Los Angeles, Bulgaria's Caretaker Prime Minister Dimitar Glavchev called for mass voting in the early parliamentary elections on October 27. "I will do everything possible to have fair and transparent..

published on 9/25/24 11:43 AM