Bulgaria’s parliament passed the State Budget Bill for the year on 21 March 2025 which includes amendments to the Value Added Tax (VAT) Act.

The amendments lower the mandatory VAT registration threshold from the current BGN 166,000 to BGN 100,000. This adjustment will come into force on 1 April 2025.

Earlier, The Bulgarian Ministry of Finance released a draft bill for the 2025 state budget on 9 December 2024 which included several key proposals affecting tax policies, resource extraction, and VAT registration.