From January 1, 2023, comes into force an amendment in Art. 96, para. 1 of the Bulgarian Value Added Tax Act for mandatory registration under the specified provision, which raises the threshold for mandatory registration under the law to BGN 100,000. This threshold will apply until December 31, 2024, and after that date new rules regarding special treatment for small enterprises. Until December 31, 2022, a threshold of BGN 50,000 applies for mandatory VAT registration.
Those registered on the basis of Art. 96, para. 1 of the Value Added Tax Act, persons with a taxable turnover for the last twelve months of less than BGN 100,000 as of January 1, 2023, who wish to terminate their registration under the law, may submit an application for deregistration to National Revenue Agency. You can read more at NRA.