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

Minister Petar Dilov: VMZ-Sopot will not be privatized

There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..

published on 4/8/25 12:04 PM

Only 27 out of 100 real estate transactions in Bulgaria involve mortgage loans

In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well. Real estate prices along the Black Sea coast have continued to grow,..

published on 4/5/25 10:24 AM

Real estate prices along the Black Sea coast have continued to grow, though more gradually

The real estate market in Bulgaria has steadily been growing in the past few years. There has been talk of a price bubble, inflated to serious proportions at the time of the pandemic, though expectations that it is going to burst have come to nothing...

published on 4/3/25 7:15 AM

WEATHER

Pick city: Sofía

Partly cloudy, chance of rain
Min: 4 | Max: 22

BULGARIA IN PICTURES

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

Bulgaria sells EUR 4 billion in bonds

Around 4 billion euros in debt have been raised from international markets through two bond issues, market analysts confirmed to BNR. The amount was..

published on 4/29/25 9:04 AM

Bulgaria expects negative spillover effect from US tariffs

An analysis by the Ministry of Economy and Industry shows that in 2024, Bulgaria's trade with the United States accounted for 1.7% of the country’s..

published on 4/29/25 4:23 PM

Share