18 December 2019

Bulgaria – Registration Threshold for Non-Resident Companies to Disappear

From 1^st January 2020, the VAT registration threshold of BGN 50,000 for non-resident companies carrying out taxable transactions in Bulgaria will disappear. Non-resident businesses will therefore have to register for VAT, if necessary, from their first taxable transaction.

Tax Mag

Country Briefs

Bulgaria

VAT registration VAT thresholds

18 December 2019

OTHER VAT BRIEFS VAT registration

Germany – VAT Registration Threshold Increases

From 1st January 2020, the VAT registration threshold in Germany will be increased from EUR 17,500 to EUR 22,000 All domestic companies exceeding the EUR 22,000 threshold must register for...

Country Briefs

Germany

VAT registration VAT thresholds

20 July 2021

Hungary – Real-time Reporting Threshold Removed

From April 2020, the Hungarian National Tax and Customs Authority (NAV) will require all taxpayers to use the XML version 2.0 of e-invoices in their online returns. A new XML...

Country Briefs

Hungary

E-invoicing VAT thresholds

18 July 2021

Hungary – Extension of the Real Time Billing Scheme

Currently, all companies involved in B2B sales in Hungary, with a VAT amount exceeding HUF 100,000 (approximately $320), must declare their invoices to the Hungarian tax authorities at the same...

Country Briefs

Hungary

E-invoicing VAT thresholds

16 July 2021

Bulgaria – Intrastat Thresholds Change

As of January1st, the INTRASTAT thresholds in Bulgaria will decrease: Shipping: 290,000 BGN threshold reduced to 270,000 BGN Introduction: 450,000 BGN threshold increased to 450,000 BGN Thresholds for statistical value...

Country Briefs

Bulgaria

VAT thresholds

25 December 2020