Share

Text size

Bulgarian National Radio © 2024 All Rights Reserved

Parliament doubled the amount of the VAT exemption threshold for businesses

published on 7/8/22 3:42 PM

Photo: Ani Petrova

The National Assembly has amended the VAT exemption threshold for businesses from €25,500 to €51,000 of turnover from 2023. The amendments to the VAT law adopted at first reading affect a large number of small and medium-sized enterprises.

According to the ruling coalition, this will make businesses more competitive and reduce their administrative costs. This increase in the VAT exemption threshold must be approved by the European Commission. "We see no reason why Brussels should refuse us", commented Democratic Bulgaria MP Martin Dimitrov.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria Economy exemption threshold parliament VAT

More from category

Krassen Stanchev

Despite the political crisis in the country, the economy is developing steadily, Krassen Stanchev says

The political crisis is not affecting the economy in the short term – within 1-2 years , says Assoc. Prof. Krassen Stanchev from the Institute for Market Economics. “The political crisis is affecting those who are highly regulated – mostly big..

published on 8/22/24 11:22 AM

Bulgarian government approves a €120m solar panel project with Smart Solar Technologies AD

The Council of Ministers has approved a Memorandum of Understanding between the Government of Bulgaria and Smart Solar Technologies AD to implement a priority investment project for a "Solar Panel and Cell Manufacturing Plant." This project will be..

published on 8/21/24 2:40 PM

Families are taking out more quick loans to cover consumer expenses

For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..

published on 8/19/24 8:50 AM

1
2
3
4
5
6
..
10

WEATHER

Pick city: Sofía

Partly Cloudy
Min: 16 | Max: 33

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

shopify analytics ecommerce
tracking