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

Bulgaria, Bulgarians and the stir in the world of cryptocurrencies

A few hours before being sworn in for the second time as President of the United States, Donald Trump shocked the international community with the news that he was launching his own cryptocurrency, called $TRUMP. A precedent that provoked many questions..

published on 1/29/25 10:30 AM

CITUB: The poorest people in Bulgaria will grow poorer, and faster than before

The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..

published on 1/28/25 12:58 PM

Moody's Ratings affirms Bulgaria’s Baa1 ratings, maintains stable outlook

Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..

published on 1/25/25 4:27 PM