European traders who sell products cross-border to Bulgaria will know that the current threshold for VAT registration in the country is BGN 50,000. These merchants will have registered for Value-Added Tax in Bulgaria if their sales to the country exceeded BGN 50,000. However, The Bulgarian government has recently announced that the current threshold of BGN 50,000 will be raised to BGN 100,000. This new threshold applies from 1 January 2019. In addition to this change, a new reduced VAT rate of 5% will be introduced, which will apply to basic food stuffs.
Bulgaria to Raise VAT Registration Threshold to BGN 100,000
