Minister of Innovation: Bulgaria on Track to Receive Second Recovery Plan Payment by End of 2025
Bulgaria now has a real opportunity to receive the second payment under the Recovery and Resilience Plan by the end of 2025
Parliament voted amendments at first reading to the Value Added Tax Act, FOCUS reported.
The envisaged amendments complement the registration provision by which taxpayers undertake to apply for registration within 7 days of the date on which, on the basis of the volume and nature of the activity performed, they can reasonably be expected to reach a taxable turnover from BGN 50,000 or more within the current and next month.
According to the importers from the Council of Ministers, the proposal aims to counteract those who avoid VAT registration when carrying out taxable activities for a certain period of the year. It is proposed in case of winding up of a legal entity without liquidation, or of an unincorporated company, or of an insurance fund, the taxable persons to be deregistered by the law of their own revenues.
In the Transitional and Final Provisions of the Bill there are proposed amendments to the Limitation of Payments Act in cash, which would reduce the threshold for limiting cash payments from BGN 10,000 to BGN 5,000. According to the lawmakers, the proposed threshold is in line with the imposed ipractice in the other Member States of the European Union, where the threshold for cash payments ranges from 2,000 to 3,000 euros.
Travelers planning a spring escape might want to consider Sofia
Over the past decade, residential property prices in Sofia, Bulgaria, have surged by 200%, rising from an average of €715 per square meter in 2015 to more than €2,100 at the beginning of 2025
Bulgaria has successfully met the price stability criterion required for entry into the eurozone
The national pavilion of Bulgaria has captured the attention of visitors to EXPO 2025 in Osaka
Bulgaria has taken a significant step toward exploring its deep-sea energy potential
The two nuclear reactors from Bulgaria's Belene Nuclear Power Plant will not be sold to Ukraine
Google Street View Cars Return to Bulgaria for Major Mapping Update
Housing Prices Soar in Bulgaria’s Major Cities as Demand and Supply Strain Increase