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Bulgaria’s parliament on Wednesday tightened tax rules for company-registered cars and lowered the ceiling for cash payments.
Under draft amendments to the Corporate Income Tax Act adopted on first reading, companies will be able to reimburse only up to 70% of VAT on the purchase price of a vehicle if they use it for personal travel during weekends.
Companies that buy cars priced at more than BGN 5,000 (EUR 2,500) will be required to submit additional statements to the National Revenue Agency to prove they are using the vehicles only for the purposes of their business.
The change aims to prevent the registration to companies of motor vehicles that are not predominantly used for business purposes.
Such a registration allows a complete reimbursement of VAT levied on the purchase price of a vehicle – an option that doesn’t exist for individuals registering a car in their own name.
Another change will cut the maximum amount of cash payments in Bulgaria to BGN 5,000 from BGN 15,000 now.
The changes proposed by the Finance Ministry will become law after a second and final reading. They are planned to take effect from the start of next year.
On Sunday, March 29th, 2026, at 03:00 a.m., Bulgaria will switch to summer time. Clocks will be moved forward by one hour, meaning we will lose an hour of sleep.
Rising tensions in the Middle East are already putting pressure on global energy markets, and economists warn that Bulgaria is likely to feel the impact through higher inflation in the second quarter of 2026
Acting Foreign Minister Nadezhda Neynsky announced that for the upcoming parliamentary elections on April 19, Bulgaria will not open polling stations in countries affected by the conflict in the Middle East.
Two Ukrainian nationals have been accused of espionage in Bulgaria after being detained earlier this year near a military facility, the Sofia City Court was informed during a hearing on the amendment of their detention measures.
State-owned company “People Shop” EAD (Магазин за хората) closed 2025 with a reported loss of 284 thousand leva (€145,200), according to preliminary annual financial data
Acting Prime Minister Andrey Gyurov highlighted the strategic importance of energy infrastructure for the European Union during a meeting in Paris with other European leaders, convened at the invitation of French President Emmanuel Macron.
Bulgaria has effectively completed its transition to the euro, with the bulk of the leva already withdrawn from circulation.
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
As of February 27, 2026, the withdrawal of leva banknotes and coins and their replacement with euro cash is proceeding under the established legal framework and operational plans, the Bulgarian National Bank (BNB) reported.
Bulgaria’s external debt reached just over €25.37 billion at the end of 2025, Acting Finance Minister Georgi Klisurski reported
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