A Council Implementing Decision has been published that authorizes Bulgaria's derogation from Article 287 of the VAT Directive (2006/112/EC) regarding its VAT registration threshold. The decision, dated 14 November 2022, authorizes Bulgaria to increase its VAT registration (exemption) threshold to the national currency (BGN) equivalent of EUR 51,130 at the conversion rate on the day of its accession to the EU. The decision applies until 31 December 2024. With effect from 1 January 2025, all EU member states are authorized to implement a VAT threshold of up to EUR 85,000 as provided by Council Directive (EU) 2020/285 and, therefore, Bulgaria's...