Bulgaria's National Assembly (parliament) is considering a draft bill submitted on 2 December 2024 for amendments and supplements to the Value Added Tax Act. This includes measures for the implementation of the EU small business scheme for cross-border supplies, allowing small businesses in one EU Member State to benefit from VAT exemptions in other EU Member States if supplies in other States do not exceed the respective domestic thresholds and total supplies in the EU do not exceed EUR 100,000. In relation to this, the draft bill changes Bulgaria's VAT registration threshold to annual turnover of EUR 85,000. Bulgaria's current...