Do you need to invoice businesses in Bulgaria?
If you answered yes, you may need electronic invoice processing.
Transalis eInvoice™ is a trusted provider of digital invoice processing with companies in Bulgaria
More and more countries, including Bulgaria, are looking for new ways to streamline their processes, eliminate tax avoidance and collect more VAT. Already across the EU, government and public sector organisations are required to use B2G eInvoice processing, and B2B suppliers are being encouraged do the same.
An eInvoice solution from Transalis will streamline your invoice processing with trading partners in Bulgaria.
- Reduce time spent on administrative tasks
- Improve accuracy and minimise disputes
- Remain compliant with complex cross-border regulatory and tax requirements
- Automate invoice validation
- Speed up the entire billing process
eInvoicing in Bulgaria
eInvoicing with Transalis eInvoicing in Bulgaria
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Bulgaria eInvoicing regulations
May 19 2022
Bulgaria considers raising the VAT mandatory registration threshold
The Bulgarian National Assembly announced a proposal where a series of amendments were made, including increasing the compulsory VAT registration threshold. Proposal No. 47-254-01-42, released on 21 April 2022, can be resumed in two primary measures that the government wants to implement.
The first is to raise the annual VAT registration threshold, which is currently BGN 50 000 (ca. EUR 25 550), in two phases:
• Phase 1, 1 January 2023 – BGN 100 000 (ca. EUR 51 100)
• Phase 2, 1 January 2024 – BGN 166 000 (ca. EUR 84 220)
Another measure that the Bulgarian tax authority wants to introduce is VAT registration and deregistration processes that will take effect on 1 January 2023 and 1 January 2024.
The main objective of these proposed reforms is to combat soaring prices and reduce bureaucracy with administrative costs placed on small and medium companies and natural persons executing personal economic activities.