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Bulgaria Hikes VAT Intrastat Reporting Thresholds

by Ulrika Lomas, Tax-News.com, Brussels

10 November 2017


Bulgaria has published a notice providing for an increase to Intrastat reporting thresholds for arrivals and dispatches from next year.

Intrastat declarations are required to be filed by EU-based businesses in the EU member state in which they are registered if the value of any goods supplied to VAT-registered customers in other EU member states (known as dispatches) or the value of any goods acquired from VAT-registered suppliers in other EU member states (known as arrivals) exceeds that member state's threshold.

There will be a BGN20,000 increase to each threshold from next year; the annual threshold for dispatches will increase to BGN430,000 (USD256,000) and the threshold for dispatches will be hiked to BGN260,000 (USD154,800).

Last year, Bulgaria cut the threshold for dispatches from BGN460,000 to BGN410,000, and the dispatches threshold to BGN240,000 from BGN260,000.

TAGS: compliance | tax | business | value added tax (VAT) | VAT cross-border transactions | Bulgaria | VAT compliance matters

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