Possible raising of threshold for VAT registration

Possible raising of threshold for VAT registration

The threshold for VAT registration of companies might be raised yet in the beginning of 2012. The minimum turnover required now is EUR 25,000.

It will be increased two- or three-fold, Chair of the Parliamentary Budget Committee Menda Stoyanova explained to a BNR reporter.

The EC should give permission for the change in the registration threshold, Mrs. Stoyanova said. According to her the raising will ease the activities of small businesses.

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