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Bulgarian Ministry of Finance Notes Tax Measures of Draft Budget Law for 2025

13 December 2024

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Proposed Changes

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Bulgaria

Bulgaria's Ministry of Finance has issued a release on the draft Budget Law for 2025. The main tax-related measures outlined in the release include the following: The introduction of a new tax on the extraction of underground resources; The revision of excise tax rates on tobacco and tobacco products (TTI); An increase in the excise tax rates on alcohol, beer, and beer produced by small independent breweries; The cancellation of the scheduled increase in the VAT registration threshold from BGN 100,000 to BGN 166,000 from 1 January 2025; The introduction of a 15% tax on the regularization of previously undeclared...