Key changes by country • Bulgaria o Arrivals : the reporting threshold will increase from BGN 1,700,000 in 2025 to BGN 1,760,000 o Dispatches : the reporting threshold will increase from BGN 2,200,000 to BGN 2,250,000 • Cyprus o Arrivals : the reporting threshold will rise from EUR 350,000 in 2025 to EUR 380,000 o...
On June 4, 2025, the European Authorities concluded that Bulgaria is ready to adopt the euro as of 1st January 2026. This assessment is set out in the 2025 Convergence Report, which finds that Bulgaria fulfils the following 4 conditions: Price stability ; Sound public finances ensuring a sustainability ; Exchange-rate stability demonstrating that a...
The new Bulgarian finance law foresees an increase in the VAT registration threshold starting in 2025. The threshold will rise from 100,000 BGN to 166,000 BGN.
Bulgaria announced that the 9% VAT rate will remain applicable until the end of 2023 to the following services and sales of goods: Restaurant and caterer ; Organization of excursions by tour operators; Books and some other publications; Sports facilities; Baby and toddler foods, baby diapers and baby hygiene products.
The Bulgarian administration has updated the thresholds for INTRASTAT declarations in 2023:
Le seuil à l’introduction passe de 520.000 BGN à 700.000 BGN
Le seuil à l’expédition passe de 780.000 BGN à 1 million de BGN
The Bulgarian administration has announced that the application of the reduced VAT rate of 9% is extended until December 31, 2022 for the following goods and services:
Restauration et traiteur
Livres et autres publications
Services en lien avec l’utilisation des installations sportives
Aliments pour bébés et jeunes enfants, couches pour...
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 returns: Shipping: 15.8 million BGN threshold reduced to 14.7 million BGN Introduction: 7.6 million BGN threshold reduced to 7.3 million BGN
Bulgaria has announced that for the period from 1st July 2020 to 31st December 2021, a reduced rate of 9% may apply to: the sale of books and magazines and certain reception services such as catering
Bulgaria proposes to reduce the rate on e-books and catering services from 20% to 9%. If adopted, this measure should enter into force from 1stJuly 2020.
