Text size

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

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years ago, is being postponed. At least for now. The reform should have entered into effect on 1..

published on 5/12/25 11:03 AM

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has already taken concrete measures to adapt to the new currency, the new chairman of the Financial..

published on 5/11/25 12:25 PM

Hope or fear: How Bulgarians view the introduction of the euro

The likelihood of Bulgaria joining the eurozone on 1 January 2026 is growing by the day. The country would become the 21st EU member to adopt the single currency. The signals are coming both from the Bulgarian government, which has repeatedly stated..

published on 5/7/25 1:26 PM

WEATHER

Pick city: Sofía

sunshine, cloud, rain and thunder
Min: 7 | Max: 18

BULGARIA IN PICTURES

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

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

The preparation of the non-banking financial sector for the introduction of the euro is at a very advanced stage and a significant part of it has..

published on 5/11/25 12:25 PM

Postponing the free electricity market for household consumers and how it will affect Bulgarians

The liberalization of the electricity market for household consumers and their entering the free electricity market, something companies did years..

published on 5/12/25 11:03 AM

Share

Parliament doubled the amount of the VAT exemption threshold for businesses

More from category

Postponing the free electricity market for household consumers and how it will affect Bulgarians

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

Hope or fear: How Bulgarians view the introduction of the euro

Preparations for the introduction of the euro in the non-banking financial sector are at an advanced stage

Postponing the free electricity market for household consumers and how it will affect Bulgarians