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

There is a parliamentary majority to form a coalition government

The parliamentary group "Democracy, Rights and Freedoms" - DPS will support a government of GERB-СDS, BSP-United Left and ITN in its vote in the National Assembly as part of the formation of a parliamentary majority.  Negotiations for forming a..

published on 1/15/25 9:53 AM

Bulgarian Consulate in Los Angeles issues recommendations to Bulgarians affected by the devastating fires

The Consulate General of Bulgaria in Los Angeles has issued recommendations to Bulgarians affected by the devastating fires in the city. The Federal Emergency Management Agency (FEMA) is offering assistance to those affected by the fires in California..

published on 1/15/25 9:43 AM

Bulgarian satellite Balkan-1 has been launched into space from base in USA

The Bulgarian satellite Balkan-1 has been launched into Earth orbit to transmit data for the EU's Copernicus programme . The satellite is a development of the Bulgarian company EnduroSat and was launched into space from the Vandenberg Space Force..

published on 1/15/25 8:40 AM