|Update:||Compliance Alert - Changes in VAT Registration Threshold|
On 14 July 2022, The National Assembly of Bulgaria announced the increase of the threshold for VAT registration.
As previously reported by Pagero, the threshold will be increased from BGN 50 000 (EUR 25 500) to BGN 100 000 (EUR 51 000).
The change will take effect on the first day of the month after the entry into force when the EU Council resolution authorizes Bulgaria to apply the raised threshold. This, however, will not happen before 1 January 2023.
Read the full announcement from the Bulgarian government here.