OrbitaxOrbitax

Bulgaria Clarifies New Turnover Calculation Rules for VAT Registration

|Approved Changes|Bulgaria
Bulgaria

Bulgaria's National Revenue Agency has published its position clarifying the application of changes in relation to the VAT registration threshold when homogeneous activities are carried on by two or more related parties or unrelated parties working in concert. The changes were made to prevent VAT registration avoidance.

With effect from 1 January 2020, a change in the calculation applies to provide that when a person carries on taxable activities at a commercial site and homogenous activiti…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.